Nvidia Corp., a leading player in the field of artificial intelligence, is anticipated to announce impressive second-quarter earnings, which could further fuel the ongoing market rally. Market strategists consider the upcoming earnings report from CEO Jensen Huang’s company as crucial for sustaining the current market momentum.
According to data available on Benzinga Pro, analysts have projected an average earnings per share of $0.64 and revenue of $28.68 billion for the second quarter of fiscal 2025. These figures represent a significant increase compared to the year-ago period, which reported earnings of 25 cents (split-adjusted) and revenue of $13.51 billion. If Nvidia surpasses these expectations and provides positive commentary on the production and ramp-up of AI accelerators, it is likely that the company’s shares, already up over 160% year-to-date, will experience further gains.
Based on data compiled by TipRanks, the average one-year price target for Nvidia shares is $149.89, indicating a potential 16% upside from the current levels.
While Nvidia has gained popularity among retail investors, institutional investors hold the majority of outstanding shares, accounting for 66.75%. Insiders, including CEO Jensen Huang, own 4.29% of the shares. The top institutional shareholders are Vanguard Group Inc, BlackRock, Inc., Fidelity Investments, and State Street Corporation.
Jensen Huang, who has seen his wealth surge amid the widespread adoption of AI technology, is among the AI billionaires. Forbes estimates his net worth at $113 billion, ranking him 20th on the publication’s billionaires list.