NVDA stock is down despite upbeat Q2 earnings. Investors remain cautious due to uncertainties about AI investment payoffs and NVIDIA's slower future growth.
Nvidia continues to outperform expectations amid soaring demand for its AI hardware. What are the bull and bear cases for investing in the stock?
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NVIDIA is poised to trade higher following the earnings release, driven by strong financial results and price momentum.
Wall Street was expected to enjoy a positive start to the day on Thursday as Nvidia recovered slightly following a sharp drop in pre-market trading after results last night. Futures had the Dow Jones climbing 0.6% on Thursday's opening bell, while the Nasdaq and S&P 500 were seen 0.1% and 0.2% higher respectively.
24/7 Wall St. Insights Nvidia Corp. (NASDAQ: NVDA) stock should not have been punished.
After the recent Nvidia (NASDAQ: NVDA) earnings call, in which CEO Jensen Huang and CFO Colette Kress reported on the demand for their company's artificial intelligence (AI) chips, Blackwell plans, and other aspects, Wall Street analysts have started to revise their Nvidia stock price targets.
A look at the day ahead in U.S. and global markets from Mike Dolan
Doubling of quarterly revenues fails to allay concerns about production delays to its next-generation of AI chips
Nvidia Corp. co-founder and Chief Executive Jensen Huang wasn't able to completely assuage all the concerns from Wall Street on Wednesday, as the chip designer is seeing some of its heady growth slow amid a slightly delayed new-product launch.
Nvidia shares fell 4.6% in U.S. premarket trade on Thursday despite its fiscal second-quarter results beating estimates. But expectations for the chipmaker remain very lofty.
The expectations were high, but the company delivered yet again.