The much-awaited earnings report from artificial intelligence stalwart Nvidia Corp. (NASDAQ: NVDA) is around the corner and analysts expect another quarter of robust performance from the company. The earnings report of the Jensen Huang-led company is vital for the continuation of the market rally, according to market strategists.
The Street View: For the second quarter of fiscal 2025, analysts, on average, expect earnings of $0.64 per share and revenue of $28.68 billion, according to data available on Benzinga Pro data. This compares to the year-ago numbers of 25 cents (split-adjusted) in earnings and $13.51 billion in revenue.
It is widely expected that Nvidia shares, which are up over 160% year-to-date, could rally further if quarterly results beat the high bar and the management offers positive commentary regarding AI accelerators' production and ramp-up.
The average analysts' one-year price target for Nvidia shares, based on data compiled by TipRanks, is $149.89, which points to roughly 16% upside from current levels.
Biggest Beneficiaries: Nvidia is undoubtedly a retail favorite now but the bulk of the shares (66.75% of the outstanding shares) are held by institutions, and insiders account for 4.29%, according to the Yahoo Finance database. The top institutions holding a big chunk of shares are as follows:
Institutions/InsidersNo of Shares Held% Of total Outstanding Shares
- Vanguard Group Inc2.15M8.72%
- BlackRock, Inc. (NYSE: BLK) 1.84M7.48%
- Fidelity Investments1.04M4.24%
- State Street Corporation (NYSE: STT) 0.982M3.99%
- Jensen Huang (CEO)0.862M3.50%
- Geode Capital Management0.535M2.17%
- Price T Rowe Associates0.445M1.81%
- JPMorgan Chase & Co. (NYSE: JPM) 0.391M1.59%
- Morgan Stanley (NYSE: MS) 0.337M1.37%
- Norges Bank Investment Management0.292M1.19%
Nvidia closed Friday's session up 4.55% at $129.37 on Friday and the stock was up an incremental 0.83% in Monday's premarket session, according to Benzinga Pro data.