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The Independent UK

National

Sarah Parvini

Why Nvidia's earnings are important to the entire U.S. stock market

Nvidia Stock Market DeepSeek Artificial Intelligence

Nvidia-Wall Street Worries - (Copyright 2023 The Associated Press. All rights reserved)

Sales of Nvidia's artificial intelligence chip Blackwell will be top of mind when the company releases its latest financial results Wednesday, with analysts eyeing future demand amid a Chinese upstart's claim that it can train competitive AI models using far fewer resources.

Wall Street expects Nvidia to report fourth-quarter adjusted earnings of 85 cents per share on revenue of $38.08 billion, according to FactSet. The company’s net income is expected to reach $19.58 billion.

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