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Valued at a whopping $4.5 trillion by market cap, Santa Clara, California-based NVIDIA Corporation (NVDA) stands as the largest semiconductor company in the world. The company’s invention of the GPU revolutionized PC gaming and redefined computer graphics. Over the years, NVIDIA has pivoted toward designing advanced AI chips, which now serve as the backbone of generative AI.
The semiconductor giant is gearing up to release its third-quarter results in the upcoming month. Ahead of the event, analysts expect NVIDIA to report a profit of $1.17 per share, up a staggering 50% from $0.78 per share reported in the year-ago quarter. While the company has missed the Street’s bottom-line estimates once over the past four quarters, it has surpassed the projections on three other occasions.
