Nvidia’s $18 Billion Rally Burns Bears Just in Time for Earnings
- Data-center sales and gaming are key metrics to watch Thursday
- Stakes are elevated for year’s best-performing chip stock
Nvidia's First-Quarter Sales Get Cryptocurrency Boost
A record valuation and increasingly bullish predictions from Wall Street have made Nvidia Corp.’s earnings report on Thursday one of the most anticipated of the season.
Nvidia has added almost $20 billion to its market value over the past six sessions with a steady climb that left shares trading at their highest in the company’s 19-year history. Whether the stock can extend that streak will hinge on the performance of Nvidia’s gaming and data center businesses, which account for about 80 percent of revenue. The chipmaker is expected to forecast fiscal second quarter revenue of $2.95 billion, up 32 percent from the year-ago period, according to an average of analyst estimates compiled by Bloomberg.