Investors on Wall Street are eagerly awaiting the latest financial report from Nvidia, a tech giant at the forefront of the artificial intelligence frenzy. The company is scheduled to release its earnings update after the closing bell on Wednesday, shedding light on the demand for its semiconductors that power various AI applications. This upcoming report carries heightened significance as it marks Nvidia’s first earnings announcement following a disruptive move by a Chinese newcomer, DeepSeek. This emerging player in the AI sector recently unveiled a groundbreaking large language model that poses a competitive threat to established U.S. counterparts, all without the need for utilizing the most costly semiconductor chips. In the wake of DeepSeek’s announcement, Nvidia experienced a staggering single-day market value plunge of nearly $600 billion.
Here’s a closer look at Nvidia through key figures:
– **$3.101 trillion:** Nvidia’s current total market capitalization, as of the market close on Tuesday, ranking the company second in the S&P 500, trailing only behind Apple ($3.711 trillion). Notably, just two years ago, Nvidia’s market value was below $600 billion.
– **-17%:** The sharp decline in Nvidia’s stock price on January 27 following the revelation by DeepSeek, raising doubts among investors about the anticipated investments in Nvidia’s chip technologies and the surrounding AI ecosystem. Despite this drop, the stock had surged by over 170% in 2024.
– **22%:** The approximate portion of the S&P 500’s overall gain for the previous year that can be attributed solely to Nvidia, as per S&P Dow Jones Indices. In comparison, Amazon contributed around 6% to the market’s upswing. Nvidia had replaced Intel in the Dow Jones Industrial Average in November.
– **$38.1 billion:** The estimated total revenue anticipated by Wall Street for Nvidia in the fourth quarter, reflecting a substantial increase of over 70% compared to the same period in the previous year.
– **$129.4 billion:** Analysts’ projections for Nvidia’s revenue for the fiscal year ending in January 2025, which the company will unveil in its report later on Wednesday. This figure would represent more than a twofold growth from the company’s fiscal 2024 revenue and more than a quadrupling of its earnings from the year before.
– **626.5 billion:** The number of dozen eggs that could be purchased with Nvidia’s market value of $3.101 trillion, based on the average egg price of $4.95 per dozen in January according to the Federal Reserve.
With all eyes on Nvidia’s upcoming earnings report, the tech industry and financial markets are poised for potential shifts in response to the revelations about the company’s performance and the evolving landscape of the AI sector.
