Nvidia Stock, Semiconductor Sector Split Between AI Winners And Losers: Analyst Says 'Stick With AI First And Foremost'

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Nvidia Earnings: Analysts expect Nvidia to report revenue of $28.7 billion for the second quarter, compared to $13.5 billion reported in last year's second quarter, according to data from Benzinga Pro.

With NVIDIA Corporation (NASDAQ:NVDA) earnings in focus this week, analysts highlight key trends including the rise of artificial intelligence, strong demand from China, and geopolitical restrictions as crucial drivers for the semiconductor industry.

Analysts see Nvidia reporting second-quarter earnings per share of 64 cents compared to 27 cents in last year's second quarter.

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Author / Journalist: Chris Katje

Category: Technology

Markets: United StatesChina

Topics: Top Stories USN070591862 US67066G1040 BMG5876H1051 Analyst Ratings NXPI Previews AVGO US8807701029 AI C.J. Muse Pro Project Tech KeyProj Chip Stocks AI stocks Artificial intelligence MRVL Analyst Color Reiteration US9581021055 SG9999006241 INTC US4581401001 Cantor Fitzgerald US5951121038 NL0009538784 ASML Trading Ideas MU Blackwell NVDA Benzinga Semiconductors WDC TER

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-26 @ 18:53:58 (6 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 591 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22266411

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