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Benzinga
Benzinga
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JE Insights

Nvidia's Upcoming Q3 Earnings Report Draws Intense Interest In Direxion's NVDU, NVDD ETFs

New,York,,Usa,-,07,January,2025:,Nvidia,High-performance,Chip

Easily one of the main faces of artificial intelligence, Nvidia Corp (NASDAQ:NVDA) is once again stealing the limelight. Next week, the semiconductor juggernaut is set to release its third-quarter earnings report. It's also a significant time for stakeholders as NVDA stock is currently trading just below the psychological $200 threshold. Still, with the underlying company commanding a gargantuan market capitalization of $4.69 trillion, questions have emerged about forward viability.

Looking at the anticipated print, Wall Street analysts believe that Nvidia will post adjusted earnings per share of $1.22 on revenue of $54.74 billion. In the year-ago quarter, the tech giant reported EPS of 81 cents on sales of $35.08 billion, with both figures handily beating expectations. Still, one of the concerns will likely center on sustained excellence. Following a long string of consensus-busting performances, a slip-up wouldn't entirely be unexpected.

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