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Nvidia's Q3 revenue is expected to grow over 56% year-on-year to $54.92 billion
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Adjusted gross margins may narrow by nearly 2 percentage points to 73.6% in Q3
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Net income is forecasted to increase 53% to $29.54 billion for the August-October quarter
Nvidia Corp. earnings are looming over the Wall Street. The financial results of one of the largest chip makers in the world will likely prove to be a make or break for the heavily debated 'AI bubble' and all the AI bets.
Even as demand for chips remains intact, Nvidia may be struggling to supply chips, with pressure mounting on its margins, analysts suggest. The company has reportedly began rolling out more complex machinery and software to compete with rivals like TSMC, along with updating existing software like its famous Blackwell chips.
Net Income: In line with the revenue jump, net income is estimated to see a 53% spike to $29.54 billion.
After the US markets opened, Nvidia's stock surged 3.5% to $187.16, ahead of the earnings announcement.
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