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Nvidia Earnings Preview: Wall Street Anticipates Strong Q2 Performance
` `Earnings Expectations
` `Wall Street analysts are projecting a substantial increase in Nvidia's fiscal Q2 adjusted earnings per share (EPS), with an estimated 137% year-over-year surge to $0.64.
` `This positive outlook is based on Nvidia's recent earnings performance. In the last reported quarter, the company exceeded analysts' expectations, posting an EPS of $0.61 against a consensus estimate of $0.55, representing a 10.9% surprise.
` `Key Factors Driving Growth
` `Several key factors are contributing to Nvidia's anticipated strong Q2 performance:
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- Sustained demand for AI and data center products: Nvidia's GPUs are essential for AI training and inference workloads, driving growth in the cloud computing market. ` `
- Continued momentum in gaming: The company's gaming business is expected to remain strong as gamers upgrade to newer graphics cards. ` `
- Positive industry trends: The overall technology sector is experiencing robust growth, benefiting Nvidia's semiconductor business. ` `
- EPS: Analysts' consensus estimate is $0.64, with estimates ranging from $0.61 to $0.67. ` `
- Revenue: Analysts expect revenue to reach $8.12 billion, with estimates ranging from $7.95 billion to $8.29 billion. ` `
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Analyst Estimates and Recommendations
` `Analysts have provided a range of estimates for Nvidia's Q2 financials:
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The majority of analysts have a "Buy" or "Hold" recommendation for Nvidia stock.
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