The world’s hottest company is back to wrap up tech earnings season. Money managers are waiting nervously as Nvidia gets set to reveal its latest quarterly results on Wednesday afternoon. While Wall Street is expecting another strong showing for Q3—Visible Alpha predicts revenue will increase 84% year over year to $33.2 billion—all eyes are on the chip giant's forecast for the final quarter of the year.
That’s because the company’s next-generation GPU offering, or Blackwell, is scheduled to start hitting the bottom line. CEO Jensen Huang has touted “insane” demand for the new platform, which represents a dramatic step up in performance from the so-called Hopper chips that have fueled the AI boom. It’s a dramatic show of innovation and strength from a company that has seen its shares skyrocket more than 800% over the last two years, with the company adding more than $3 trillion in market cap to trade places with Apple as the world's largest company.
