NVIDIA (NVDA) is set to report its Q2 earnings next week, a highly anticipated event in the tech sector due to the company’s significant role in the AI market. Analysts expect Data Center sales to reach $40.9 billion, reflecting a 55% year-over-year increase from $26.3 billion. The consensus estimate for earnings per share (EPS) stands at $0.94, suggesting a 47% YoY growth.
Throughout the Q2 earnings season, NVIDIA’s performance will play a crucial role in determining the trajectory of the broader AI market. Shares are currently valued at 36.8X forward 12-month earnings, which is below the five-year median of 106.3X. Other notable tech companies reporting include CrowdStrike (CRWD) and Snowflake (SNOW), with CrowdStrike facing a projected 20% decline in adjusted EPS and Snowflake expected to see a 44% increase.
The earnings report from NVIDIA could significantly influence market sentiments regarding AI investments, especially following a positive reporting cycle for other tech giants.
