The demand for Nvidia's chips amid the AI boom has continued to drive shares higher, overwhelming analysts' expectations as the company prepares to report strong third-quarter earnings.
Derren Nathan, head of equity research at Hargreaves Lansdown, noted, 'Markets forecasts expect that number to be a little higher. If NVIDIA continues its strong run of beating market expectations, things could be better still.'
Nvidia has guided for a revenue of $32.5bn for the third quarter, amidst a backdrop of controversy around its new AI Blackwell chips facing thermal issues.
In the second quarter, Nvidia reported revenue of $30bn, marking an impressive increase of 122% over the previous year, showcasing strong performance in the lucrative AI sector.
Looking ahead, there is a focus on Nvidia's revenue outlook for the final three months of the year, as analysts anticipate figures to reach $36.6bn.
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