SAN FRANCISCO, Nov. 18 (Xinhua) -- Analysts are predicting strong growth for artificial intelligence chipmaker Nvidia as the company will release its financial results for its third quarter of fiscal year 2025 on Wednesday.
They expect the company to report earnings of 0.75 U.S. dollars per share and revenues of 33.09 billion dollars, reflecting robust 88 percent and 82.6 percent year-over-year increases, respectively, according to TipRanks' data.
While the company has projected 32.5 billion dollars in revenue for the quarter, this figure signals a deceleration in quarter-over-quarter growth.
Nvidia's stock value has skyrocketed 182 percent over the past year and 187 percent year to date, highlighting the company's explosive growth, with the company's strong earnings surpassing estimates in eight of the past nine quarters.
Over the past week, most analysts have maintained their buy ratings on the stock and raised their price targets on Nvidia, highlighting the company's expansive growth prospects.
In the meantime, some analysts highlight several challenges and risks such as excess inventory and competition from in-house solutions for Nvidia, along with regulatory uncertainty as the U.S. Department of Justice is investigating the company for potential antitrust violations.
