Nvidia Is The “Foundational Piece” Of AI Revolution, Says Dan Ives Ahead Of Earnings
Synopsis
In a post on X, Ives expressed optimism about the AI bellwether’s upcoming earnings report, scheduled for November 19.
- Dan Ives called Nvidia ‘a foundational piece of this AI Revolution’.
- Analysts expect Nvidia to post a Q3 revenue of $54.8 billion and EPS of $1.25.
Dan Ives, managing director at Wedbush Securities, has doubled down on his bullish stance on Nvidia, calling it one of the indisputable forces behind the AI revolution.
In a post on X, Ives expressed optimism about the AI bellwether’s upcoming earnings report, scheduled for November 19.
“Nvidia is a foundational piece of this AI Revolution and we expect Nvidia will
handily exceed Street estimates this week,” Ives said in the post.
Third-Quarter Expectation
According to Fiscal AI data, analysts expect Nvidia to post a Q3 revenue of $54.8 billion and earnings per share (EPS) of $1.25.
Get updates to this developing story directly on Stocktwits.<
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.