Nvidia, a leader in AI chips, will soon release its first-quarter earnings: Wall Street anticipates the following as growth appears to be slowing.

FactSet polled analysts predict that revenue will rise 241% to $24.5 billion, and profits per share will climb 474% to $5.22. It would be less than the 265% increase in revenue and 765% increase in earnings from the previous quarter.

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In the meantime, the stock has increased by around 200% from a year ago and has jumped 87% thus far in 2024. With a market valuation of $2.3 trillion, Nvidia is currently the third most valuable corporation in the world, behind only Apple and Microsoft. But over the past two months, shares have virtually remained unchanged.

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Some experts have predicted a slowing in the company's shift from its older H100 CPUs to the next-generation ones, which are anticipated to go on sale later this year, following Nvidia's introduction of its new Blackwell chip in March.

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Based on LSEG data, it is anticipated that the chip manufacturing giant's revenue more than tripled to $24.8 billion from $7.2 billion a year earlier, with earnings per share rising to $5.57 from $1.09.