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Nvidia reports first quarter revenues after Bell today, closing out the first season of the epic seven.
Relatively quietly on the trade front (hopefully, I didn’t jinx it), Nvidia’s report is poised to move the market.
Analysts voted by FactSet are hoping to earn first quarter revenues for $43.3 billion. This is an increase of 66% from the previous year. Although not too tattered, chipmakers’ year-over-year revenue growth rate in the first quarter of 2024 was 262%.
This time, investors will be interested in nvidia it’s not sale.
In April, the chipmaker said it would receive a bill of up to $5.5 billion in the first quarter after some inventory became unsold due to regulatory changes. NVIDIA’s H20 chips are specifically designed for Chinese buyers, but require a license to sell, so the company will intake the costs associated with its purchase commitment.
