Nvidia Earnings Today to Show Continued AI Chip Demand Strength
• Nvidia set to report fiscal 4Q24 earnings today after market close, seen as indicator of AI industry strength • Analyst expects continued robust demand from hyperscalers, AI partners, enterprises for Nvidia GPUs • Questions around training vs inference phase demand curve likely key topic on earnings call • Analyst estimates $20.8B revenue and $4.68 EPS, above consensus of $20.4B and $4.59 • Nvidia seen as leader in benefiting from AI infrastructure investment, analyst reiterates Buy rating and raises target to $865