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Nvidia Q3 Earnings: A Snapshot of Performance and Challenges

Nvidia Q3 Earnings: A Snapshot of Performance and Challenges Nov. 21, 2024, 4:14 a.m., readers: 22

Key Financial Highlights Earnings per Share (EPS): $0.81 (beat expectations of $0.75). Revenue: $35.1 billion (exceeding estimates of $33.09 billion). Data Center Revenue: $30.8 billion, up 17% QoQ and 112% YoY (above the $28.84 billion forecast). Forward Guidance and Market Response Q4 Revenue Outlook: $37.5 billion (±2%), slightly ahead of the $37.09 billion estimate. Market Reaction: Nvidia shares fell 2% in after-hours trading due to cautious investor sentiment despite solid results. Key Challenges Nvidia's Blackwell AI chips, seen as the next big frontier, face supply constraints expected to persist into fiscal 2026, creating bottlenecks for its AI ambitions. Relevant APIs for Deeper Insights Earnings Transcripts API: Explore management's comments on Q3 performance, AI growth, and supply chain challenges. Earnings Calendar API: Track Nvidia's future earnings announcements and compare them with peers in the semiconductor industry. Conclusion Nvidia's exceptional performance underscores its dominance in AI but reveals vulnerabilities like supply constraints and tempered growth expectations. Leveraging earnings data provides a comprehensive view to navigate Nvidia's evolving story in the AI revolution

About NASDAQ: NVDA

N VIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing;

Price: 139.93
Market cap: 3.4 trillion USD
Eps: 2.54
P/e ratio: 55.09
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