Nvidia Stock Earnings Preview
Since Nvidia’s last quarterly earnings release back in November, expectations have been rising that this early-mover in generative AI chips will continue to crush it in operating performance. In the past 90 days, 38 out of 38 analysts tracked by Seeking Alpha have raised their quarterly earnings forecasts.
NVDA has of course also continued to climb sharply during this time frame, surging from under $500 per share, to over $725 per share today. Despite investors bidding up Nvidia, some NVDA stock analysis predicts a reversal after the latest numbers and guidance are released.
Why? The reasons are twofold. First, with the stock running so hot lately, irrespective of whether the results are good, bad, or mixed, the market could use this event as an excuse to sell/take profit. Second, there’s something else that could lead to the next cooldown in NVDA investor enthusiasm. $NVIDIA(NVDA.US$
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