Next week, the financial report for the second quarter of AI chip giant Nvidia will be released. This not only concerns Nvidia itself, but also the entire global technology and even financial industry chain. S&P Global Market Intelligence expects that the company's revenue growth will slow to 113%, and revenue will rise to $28.7 billion.
At the end of August, the big shots in the financial and technology circles took turns to make waves! Following Powell's dovish speech, Wall Street's attention will focus on $NVIDIA (NVDA.US)$.
After hours on August 28, this ai chip giant will release its highly anticipated financial report. Wedbush analyst Dan Ives called it the "most important technology earnings in years".
"We believe that next week will be the most important week for the stock market this year, and possibly the most important week on Wall Street in years, as the artificial intelligence godfather Huang Renxun is about to release Nvidia's second quarter financial report," Ives said.
Nvidia's report card not only concerns itself, but also the global technology and even the financial industry chain. S&P Global Market Intelligence expects Nvidia's latest quarter revenue growth to slow to 113%, with revenue rising to $28.7 billion.
Investors' enthusiasm for the AI boom may have cooled off.
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Furthermore, investors' enthusiasm for the AI boom may have cooled down, and this is also reflected in the slowing growth of NVIDIA's revenue. The company has experienced a roller coaster journey in its financial reports: revenue decreased by 13% year-on-year in the first quarter of the 2024 fiscal year, and then strong growth of 265% in the fourth quarter of the same year.
S&P Global Market Intelligence predicts that this rapid growth is difficult to sustain. The data for the second quarter of 2025, which will be announced next week, is expected to show a slowdown in revenue growth to 113%, with revenue rising to $28.7 billion. At the same time, revenue for the quarter in July next year is expected to reach $40 billion, with a growth rate of only 40%.
A market cap of $3 trillion, is the beginning of a historic moment?
Despite investor concerns over stock market volatility, Ives emphasizes that current technological developments still have long-term value. He said,
We are at a historical moment similar to the start of the internet in 1995, not the bubble period of 1999.
He added that for every $1 spent on NVIDIA GPUs, the technology industry can generate an additional $8 to $10 in revenue.
Currently, Nvidia's market cap has reached 3 trillion. The average market value of stocks in the S&P 500 index is only 99 billion US dollars, with a median stock value of only 36 billion US dollars.
The value of Nvidia alone exceeds the entire stock market of all countries in the world except China, the United Kingdom, India, and Japan.
The market is holding its breath, waiting for the financial report data of this AI giant.
Editor/Somer