Stocks
Nvidia's Q2 Earnings Poised for Significant Growth
Nvidia Corporation remains a Strong Buy as its Q2 earnings are expected to show significant top-line acceleration and robust gross margin expansion, driven by AI-driven demand. The consensus estimates for Q2 revenue and EPS are $91.85 billion (96.49% YoY growth) and $2.08 (98.38% YoY), respectively, but a positive surprise is likely.
The company's networking revenues are set to outpace compute driven by market share gains and new technologies like Spectrum-6. Despite rising credit risk, NVDA stock trades at a forward PEG of 0.53 and just 12.11x 2030 earnings, making valuation compelling.