NVIDIA is scheduled to announce its second quarter financial results for the year ending at the end of July after the market closes on the 28th, Eastern Time. Since Huida's revenue has exceeded expectations for seven consecutive quarters in the past 10 quarters, investors are paying close attention to whether this financial report can once again deliver results that exceed expectations.
It is worth noting that although Bitcoin experienced selling pressure after breaking through 65,000 US dollars this morning and fell below 64,000 US dollars, dragging down the cryptocurrency market to generally decline today, some AI tokens led the market on the eve of the release of Huida's financial report. , Coingecko data shows that FET rose 10.8% in a single day and TAO rose 5.9%.
Extended reading: AI coin integration》Fetch.ai, Ocean Protocol and SingularityNET plan to merge into $ASI, and currency prices will soar
Coindesk reported that historically, Huida has been a barometer in the field of AI tokens. AI tokens will always rise when Huida’s earnings are expected to be bright, so now may be an opportunity to ambush.
Analysts surveyed by FactSet predict that Huida's earnings per share (EPS) will hit a record high in the second quarter, reaching 65 cents, an annual increase of 141%. Revenue is expected to reach US$28.72 billion, an annual increase of 113%. This will be Huida's first quarter. Having achieved triple-digit growth for the fifth consecutive quarter, technology stocks are expected to perform strongly in the remainder of the year, given the possibility that the Federal Reserve will cut interest rates in September.
Will single-quarter revenue exceed US$30 billion for the first time?
Raymond James analyst Srini Pajjuri predicts that Huida's revenue will exceed US$30 billion last quarter. This will be the first time that Huida's revenue in a single quarter has exceeded US$30 billion. The company's single-quarter revenue exceeded 100 billion for the first time a year ago. Billion US dollars, revenue in the quarter ended in January this year exceeded 20 billion US dollars.
Srini Pajjuri said that he has seen strong demand for Huida's Hopper series of chips and is not too worried about possible delays in shipments of the new Blackwell chip series. There is no reason to doubt the execution capabilities of Huida and TSMC. He is optimistic that B100/B200 chips will be released this year. The GB200 NVL cabinet system will be shipped in the first half of 2025.
Srini Pajjuri mentioned that even a short-term delay in Blackwell shipments may help improve Huida's gross profit margin, because he estimated that the gross profit margin of the Hopper series of chips is 3 to 6% higher than that of the Blackwell series.
HSBC analyst Frank Lee is also optimistic that Huida's revenue will reach US$30 billion last quarter, and expects revenue to grow to US$33 billion this quarter and US$36 billion next quarter. He emphasized that the next-generation GB200 chip Roadmap changes and production delays are unlikely to have a significant impact on the company's second half or 2026 outlook.
