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Close Lightbox Close Lightbox Download the free report here: Skip to content * DOW + 0.62% 414 / + 2.57 * Nasdaq - 0.15% 471 / - 0.69 * S&P + 0.01% 558 / + 0.05 Primary Menu ☰ * Our Analysts * Free Reports * Newsletters * Free Reports * Log in My Account * My Services * Portfolio Tracker * Manage Account * Support * Logout * * Today’s Market * Stocks * Stock Picks * Hot Stocks * Stocks to Buy * Stocks to Sell * Stock Quotes * All Stock Picks * Stock Types * Blue-Chip Stocks * Dividend Stocks * Growth Stocks * Meme Stocks * Penny Stocks * Undervalued Stocks * Industries * Consumer Discretionary * Consumer Staples * Energy * Healthcare * Technology * More Industries * Crypto * Trading * Market Analysis * About InvestorPlace * About InvestorPlace * Publishing Guidelines * Contact Us * Premium Services Search symbol, company name, or keywords Search Close Menu Log in Log out * My Services * Portfolio Tracker * Manage Account * Support * Logout * Our Analysts * Free Reports * Newsletters * Free Reports * Home / * Market Analysis / * The Apple of the Market’s Eye Announces Earnings Next Week… Here’s What You Can Expect Meet Louis Navellier THE APPLE OF THE MARKET’S EYE ANNOUNCES EARNINGS NEXT WEEK… HERE’S WHAT YOU CAN EXPECT Let’s preview NVIDIA’s earnings report next week… 6d ago · August 23, 2024 By Louis Navellier, Editor, Growth Investor Source: Michael Vi / Shutterstock.com The summer is drawing to a close, and that means one thing… school is back in session. Students have begun to load up their backpacks and return to classrooms while the lazy sun-soaked days give way to structure and routine. And as they say goodbye to sweet summertime, Wall Street is also saying goodbye to its own season: earnings season. Much like summer, the earnings season offers a brief period of clarity and excitement. It gives investors a window into how companies performed during the quarter and sets the tone for the market’s next phase. Likewise, both transitions – whether in classrooms or on Wall Street – signal the importance of moving from reflection to action. For students, it’s about moving from the freedom of summer to the structure and goals of a new academic year. For investors, it’s about shifting from digesting quarterly reports to assessing long-term strategies based on what they have learned. And just as teachers and students begin setting the agenda for the months ahead, investors use the insights from earnings season to adjust their outlook and prepare for what’s next in the market. But before we can fully put earnings season behind us, we do have the grand finale scheduled for this upcoming Wednesday, August 28. And there is one stock in particular, the star student of the markets, that will wrap up the season. I’m talking about NVIDIA Corporation (NVDA). So, in today’s Market 360, let’s take a look at what investors are expecting from the company’s earnings report next week. Then I’ll share the important shift NVIDIA is making as a company, and how you can profit from it. WARNING: Why 31 Billionaires Are Getting OUT of Stocks (Including: Musk, Buffett, & Bezos) EXPECTATIONS FOR NVIDIA’S EARNINGS NVIDIA has a history of hitting it out of the park quarter after quarter. The company continues to experience intense demand for its artificial intelligence chips, posting positive earnings surprises of 9.8%, 11.4%, 18.7%, and 29.4% in the past four quarters, respectively. Given this track record of positive earnings surprises and the overall AI craze, expectations for this quarter are beyond high. For its second quarter in fiscal year 2025, analysts forecast earnings to surge 137% year-over-year to $0.64 per share. They expect revenue to soar 111.6% year-over-year to $28.59 billion. The analyst community is raising the bar, too, having upped earnings estimates by 7.6% over the past three months. Now, I should note that a recent report stated that NVIDIA’s next-generation Blackwell chip could be delayed by at least three months. While originally slated to launch around October, a recently discovered flaw threw a wrench in that plan. According to AI Business, “manufacturer Taiwan Semiconductor Manufacturing Company (TSMC) uncovered the reported design flaw, which affects the processor die connecting two Blackwell graphic processing units (GPUs) on a single board. Given this, the company has allegedly decided to delay shipments and revamp the design of the chips.” While customers and partners alike have indirectly confirmed this news, NVIDIA has yet to make a statement. So investors will be looking for an update on Wednesday in the company’s earnings report. LOOKING AT THE REPORT CARD Clearly, based on these expectations, NVIDIA is slated to be the star student this earnings season. In fact, its earnings should push the S&P 500’s earnings growth rate up to over 11% for this quarter, the strongest number in two years. But does the company’s report card reflect its numbers? Well, if you look below, my Portfolio Grader gives the company an “A” for its Total Grade. Likewise, NVIDIA’s Quantitative Grade is also an “A” and holds a “B”-rating for its Fundamental Grade. This tells us it is a stock with superior fundamentals that is also backed by persistent buying pressure, i.e., money is still flowing into the stock. It is safe to say that NVIDIA is still the apple of the market’s eye with this report card. And if I could give its CEO, Jensen Huang, a grade as well, he would get a resounding A+. Not only does he foster a work environment where creativity and experimentation are encouraged, but the culture of innovation he has built keeps NVIDIA one step ahead of its competitors at all times. I should also add that, for the year so far, shares of NVDA are up 161%. And in my Growth Investor service, we are up by nearly 3,000% since adding it to one of our Buy Lists in 2019. Now, when you look at its size, NVIDIA is sitting at a $3.14 trillion market cap – just behind the market leader Apple, Inc. (AAPL). But don’t let that size fool you… there is still plenty of growth ahead. In my opinion, NVDA will be over $200 per share in 2025. That’s partly thanks to a huge shift the company has been making recently… HOW TO PROFIT FROM AI INNOVATION For decades, NVIDIA focused solely on microchips. But more recently, data centers have quietly become a larger and larger share of their revenue. For example, in the company’s first quarter of fiscal 2025, data center revenue hit $22.6 billion. That’s up by 23% from its fourth quarter 2024 and a whopping 427% from a year ago. I should also add that Huang calls these hyperscale data centers “AI Factories.” He also noted that “the next industrial revolution has begun,” and it started with these data centers. Now, the hyperscale data center industry is worth nearly $50 billion a year, and it’s expected to grow 20% year-over-year for the next decade. However, there’s just one problem… The data center industry is facing a shortage of power. And without enough electricity, data center buildings will screech to a halt and the growth of the AI industry could be severely stunted. That’s where the presidential election comes in. I predict that if Donald Trump wins the election, he will fix the power shortage by signing an emergency executive order on energy. This, in turn, would usher in a Second Wave of the AI Boom. Plus, there’s a new set of AI stocks that could take off on or before November 5. So, as the election draws near, you’ll want to be prepared. Because these AI stocks are on the verge of massive gains. Click here to learn more about what the Second Wave of the AI Boom is and how you can profit from it. (Already a Growth Investor subscriber? Click here to log in to the members-only website.) Sincerely, Louis Navellier Editor, Market 360 The Editor hereby discloses that as of the date of this email, the Editor, directly or indirectly, owns the following securities that are the subject of the commentary, analysis, opinions, advice, or recommendations in, or which are otherwise mentioned in, the essay set forth below: NVIDIA Corporation (NVDA) -------------------------------------------------------------------------------- AERIAL FOOTAGE OF JEFF BEZOS’ NEXT TRILLION DOLLAR BET Located 30 miles from Baltimore — Jeff Bezos has been quietly investing in one tiny company that’s ground zero of a technology revolution that could change everything. Bank of America said the technology would be, “Bigger than fire and bigger than all the revolutions that humanity has seen.” And for those who get in now, this may be the biggest opportunity you’ll see in your lifetime. Click here for the full story -------------------------------------------------------------------------------- Submit Louis Navellier Editor, Market 360 MEET LOUIS NAVELLIER Louis Navellier is one of Wall Street’s renowned growth investors. Providing investment advice to tens of thousands of investors for more than three decades, he has earned a reputation as a savvy stock picker and unrivaled portfolio manager. Learn more about Louis -------------------------------------------------------------------------------- Article printed from InvestorPlace Media, https://investorplace.com/market360/2024/08/the-apple-of-the-markets-eye-announces-earnings-next-week/. ©2024 InvestorPlace Media, LLC MORE FROM LOUIS NAVELLIER Market Analysis NVIDIA’S EARNINGS ARE IN: WERE THEY A JACKPOT OR A BUST? 32m ago · By Louis Navellier, Editor, Growth Investor Market Analysis QUANT RATINGS UPDATED ON 73 STOCKS 2d ago · By Louis Navellier, Editor, Growth Investor Market Analysis WEEKLY UPGRADES AND DOWNGRADES 3d ago · By Louis Navellier, Editor, Growth Investor * LOUIS'S MOST POPULAR 1. Stocks to Sell Aug 9, 2024 7 F-RATED GROWTH STOCKS TO AVOID LIKE THE PLAGUE IN AUGUST 2024 2. Stocks to Buy Aug 12, 2024 7 A-RATED TECH STOCKS TO TOP YOUR AUGUST 2024 BUY LIST 3. Stocks to Sell Aug 15, 2024 INTEL STOCK FIASCO: ANOTHER ONE BITES THE DUST! 4. Stocks to Buy Aug 15, 2024 7 CHIP STOCKS TO RIDE THE 2024 AI WAVE 5. Stocks to Buy Jul 31, 2024 7 TOP STOCKS UNDER $10: JULY 2024 EDITION * * * * * About InvestorPlace * Products * Contact Us * Help * Careers * Advertise With Us * Disclosures & Disclaimers * Privacy Policy * Terms of Use * Ad Choices * Do Not Sell My Personal Information * Cookie Preferences * DMCA Policy Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes. Copyright © 2024 InvestorPlace Media, LLC. All rights reserved. 1125 N. Charles St, Baltimore, MD 21201. Close login modal SUBSCRIBER SIGN IN Email Address or Username Password Sign in Forgot Password? Not Yet a Premium Subscriber? Subscribe Expand/Collapse DOE Close DOE Your Email