1
NVDA earnings for the next quarter are forecasted to grow with a significant margin.
2
Nvidia is indirectly exposed to the blockchain and cryptocurrency market through its GPUs.
Nvidia Corporation (NASDAQ: NVDA) has been on the headlines of many financial corporations. The NVDA stock has been among the best-performing stocks in the US market this year. It has given a return of 241% in the past calendar year. It outperformed the S&P 500 by a huge mark.
Along with a remarkable stock performance, the company has significantly grown fundamentally. During the Third Quarter of Fiscal 2024, the company reported its revenue of $18.12 billion, which showed a growth of 206% from the same quarter a year ago.
When this was compared with the 34% from the previous quarter, the EPS as per the last quarter was $3.71. That is more than 12 times growth compared to the same quarter of the 2023 fiscal.
Nvidia has direct exposure to the crypto and the blockchai
We współpracy z: https://www.thecoinrepublic.com/2024/01/05/nvda-stock-q2-2024-earnings-forecast-and-technical-analysis/
