Nvidia To Report Q3 Earnings Amid AI Chip Market Dominance

2024-11-19 69

Nvidia is set to report its third-quarter earnings on Wednesday. Analysts are watching for signs of sustained growth amid a $3.5 trillion market cap and fierce competition. HSBC analyst Frank Lee predicts continued momentum, particularly in data centers, with a "buy" rating on the stock. Growth hinges on Blackwell, Nvidia’s next-generation chip, now shipping to major clients like Microsoft and Google. Nvidia dominates the AI chip market with over 80% market share.