Nvidia (NASDAQ: NVDA) will report its quarterly earnings after the market closes today. Based on options pricing, traders are anticipating a 6% move in either direction by the end of the week.
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Wall Street analysts expect Nvidia's Q1 earnings on Wednesday (after the bell) to be “messy” and include disappointments on key metrics. However, the expected near-term weakness is hardly a reason to bail on NVDA shares – they're telling clients heading into the company's release.
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Nvidia (NVDA) is slated to report fiscal first-quarter results after the market closes Wednesday, with Wall Street expecting a record quarter from the world's second-most valuable company.
Shares of NVIDIA Corp. (NASDAQ:NVDA) jumped 2.99% through a.m.
Nvidia Corporation's Q1 news flow was bumpy, but in aggregate, we think the firm gained ground, especially abroad. The Saudi deal should bolster near term results, even as Chinese exposure continues to fall. Cloud giant Capex has held up in recent weeks, indicating stability in core revenue drivers.
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NVIDIA gains steam ahead of first-quarter earnings. NVDA-focused ETFs are in focus as AI demand and new chip launches drive investor optimism.
Today's stock market is as different as it can be from the one that most investors are used to seeing in the past. The new market regime requires participants to be more aware of what is happening everywhere, lest they miss out on life-changing opportunities or overstay their welcome when things are going well and give up most (if not all) of their gains back to the marketplace.
Don't expect upside to Nvidia's guidance as China restrictions come into play, one analyst said.
It is not every day that a stock soars over 164%, but that is exactly what happened to little-known chip company Navitas Semiconductor NASDAQ: NVTS on May 22. The stock exploded in value after announcing a partnership with chip giant NVIDIA NASDAQ: NVDA.