NVDA Stock

NVIDIA Corp. (Nasdaq: NVDA) will join tech stocks reporting earnings this week when it releases fourth-quarter results after the bell today (Wednesday) - and attempts to attract investors with a plan to profit from mobile computing growth.

Analysts polled by Thomson Reuters forecast quarterly earnings of 19 cents per share on $950.5 million in revenue.

The graphics chipmaker already cut its revenue outlook in January from $1.066 billion to $950 million. It said flooding in Thailand had slowed the global hard-drive market, lowering PC shipments.

NVIDIA invented the graphics processing unit (GPU) in 1999, and its graphics cards are used in many desktop computers and notebooks. Graphics card sales account for 30% of the company's revenue.

But the industry is changing in a way that will render NVIDIA'S core business obsolete. Competitors are releasing new processors more advanced than NVIDIA's.

What investors should look for in Wednesday's report are NVIDIA's plans to expand beyond its PC focus into the next era of computing, and if those plans can stand up to stiff competition.

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