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.

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.

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.

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.