Nvidia reported its much-anticipated third-quarter earnings on Wednesday, which showed that business is still booming for the blockbuster AI company. It reported earnings per share (EPS) of $0.81 and revenue of $35.1bn, which was almost double the previous year’s revenue.
Read more: The bar is too high for Nvidia, turn to value stocks: Expert
Shares began seesawing in pre-market trading on Thursday before recovering somewhat later in the day. We were keen to know what you thought about the stock’s performance in the medium term, however.
We asked whether you thought Nvidia’s stock would surge or slump in the next few weeks, and here are the results: we received 491 votes and 66% of readers thought that the stock would indeed surge. Meanwhile, 21% expected the share price to head downwards and 13% were undecided.
Read more: Why Nvidia could be masking weakness earnings in semiconductors
Analysts and investors consider the company’s earnings beat an important sign of the AI market’s resilience. As companies increasingly incorporate the technology into their workflows, Nvidia’s dominance of the AI chip market means it stands to benefit heavily into 2025 and beyond.
Slowing sales growth is worrying some investors, however, and will no doubt remain the focus of conversations around Nvidia’s long-term performance.
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