November 20, 2024November 20, 2024

Nvidia earnings live updates: Wall Street watching consumer demand for Blackwell chips

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Nvidia will release its third-quarter earnings after the closing bell on Wednesday.
Shares in the chipmaking giant were up 197% year-to-date through Tuesday.
Wall Street is bullish on the stock, citing strong revenue growth and demand for Nvidia GPUs.

Nvidia will report third-quarter earnings on Wednesday after the closing bell.

Top of mind for investors will be customer demand for Nvidia’s Blackwell GPU chip. While the chipmaking giant has said production of the chip won’t be fully ramped until early 2025, Wall Street is looking for clues about how many orders it has received for the product.

Nvidia’s stock was up 197% year-to-date through Wednesday’s close, handily outpacing the the S&P 500‘s 24% gain.

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