Nvidia expects its Q2 financial report to be released on August 23-24, with year-on-year growth expected to exceed 50%.

According to news from this site on August 20, according to Taiwan media Economic Daily reported early this morning, NVIDIA will announce its Q2 financial report for the 2024 fiscal year on August 23, US time (between August 23 and August 24, Beijing time) . According to the report, the outside world expects the company's financial report to "further verify the substantial benefits brought by AI" and learn a clear long-term outlook.

As a reference, NVIDIA's total revenue in Q1 of the 2024 fiscal year It was US$7.19 billion (note on this site: currently about 52.487 billion yuan), a year-on-year decrease of 13%, but an increase of 19% compared to the previous quarter. Its data center-related performance showed double-digit growth year-on-year and month-on-month.

NVIDIA estimates that Q2 performance in fiscal year 2024 will exceed US$11 billion (currently approximately 80.3 billion yuan), with a year-on-year increase of "a significant increase of more than 50%".

Nvidia CEO Jensen Huang once said that the computer industry is undergoing two simultaneous changes - generative AI and accelerated computing. Since January this year, there has been "incredibly steep" demand in the market, and the company is increasing production to meet these needs and has "incredible orders." It is said that Nvidia has prepared a series of product lines including H100 chips to respond to the market demand for accelerated computing.

This site previously reported that Nvidia was one of the three stocks that rose in the Philadelphia Semiconductor Index on Tuesday (August 15). Earlier, better-than-expected U.S. retail sales data raised concerns that interest rates may remain high for an extended period of time, unsettling the stock market.

UBS analyst Timothy Arcuri wrote in a research note: "With massive amounts of capital and new financing vehicles chasing new AI software and specialized cloud infrastructure models, Nvidia is actually Play the role of 'kingmaker'."

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