Nvidia is expected to exceed expectations with its latest results

This is according to the statement by Nigel Green, CEO and founder of the deVere Group, in the report, which is described as “the most important earnings report of the year”.

Nvidia stock has skyrocketed 150% this year alone, with a 3,000% increase over the past five years.

The current supply issues are unlikely to affect Nvidia’s results, and Green is confident that the company’s GPUs, particularly the Hopper architecture, are generating huge demand and there is no clear competitor in sight.

“The result? A stratospheric rise in Nvidia stock and market capitalization that far exceeded broader market gains.”

He said: “The company has become the undisputed leader in artificial intelligence (AI) chips, a market segment that is set to reshape industries around the world. In a world increasingly dominated by AI-driven technologies, Nvidia is head and shoulders above the competition.

The earnings report will be released later today after the market closes and could be a pivotal moment for U.S. markets.

“With Nvidia accounting for about a quarter of the S&P 500’s 17 percent gain year-to-date, all eyes are on whether the darling of AI can continue its impressive winning streak,” notes the CEO of deVere Group.

“We believe Nvidia will deliver outstanding results and exceed both earnings expectations and forecasts.”

In addition, Nvidia’s most important customer, Meta Platforms (META), has just raised its investment forecast for the coming years by billions, signaling its confidence in the long-term demand for Nvidia’s AI chips.

While some skeptics argue that Nvidia’s profits will inevitably cool amid reported delivery delays for its new Blackwell AI chip, deVere points out that these concerns are overblown.

“Nvidia’s leadership in AI chips is not just based on its current product lineup; it is based on the company’s unmatched ability to innovate in an AI-dominated world and anticipate future needs.”

deVere’s CEO concludes: “Nvidia’s upcoming earnings report will be a crucial test of the broader market’s AI-driven rally, but signs point to another strong result.

“Expect Nvidia to not only meet but exceed expectations this week.”

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