Although Nvidia's (NASDAQ: NVDA) stock is one of the best performers in the stock market in 2024, heavy insider selling activity, especially before its August 28 Q2 earnings report, is worrying some investors.
Although Nvidia's (NASDAQ: NVDA) stock is one of the best performers in the stock market in 2024, heavy insider selling activity, especially before its August 28 Q2 earnings report, is worrying some investors.
Rising demand for hardware capable of powering AI applications has driven incredible gains for Nvidia stock. The company has delivered a total return of more than 27,000% over the last decade.
Nvidia Corp NVDA is set to release its much-anticipated earnings report for the fiscal second quarter of 2025 tomorrow after the closing bell. While analysts are largely bullish on NVDA stock, enough questions have sprouted to lay the groundwork for a tug-of-war.
Nvidia's stock has turned increasingly volatile as investors look for any sign that large cloud providers are showing a changed appetite for artificial intelligence processors. The chipmaker has been the primary beneficiary of the AI boom, and is poised to report a fourth straight quarter of triple-digit revenue growth.
The chip maker is expected to report second-quarter adjusted earnings of 65 cents a share on revenue of $28.74 billion.
The most critical event of the quarter for both the technology market and the broader stock market arrives on Wednesday, when Nvidia reports second-quarter earnings.
Nvidia will announce its latest quarterly results on Wednesday, and the company's much-anticipated report is expected to be the grand finale of the second-quarter earnings season.
The stock price of semiconductor giant Nvidia (NASDAQ: NVDA) has experienced a minor pullback in the short term, failing to move past the $130 resistance level.
A look at the day ahead in U.S. and global markets from Mike Dolan
Investors will be looking for plenty of answers from Nvidia Corp.'s management team later this week — concerning both the immediate term and the semiconductor company's prospects going out more than a year from now.
Street's much-awaited earnings report is almost upon us, and artificial intelligence stalwart Nvidia Corp. NVDA is widely expected to clear the lofty goals. Ahead of the results, an analyst at Morgan Stanley said he is comfortable with the “high expectations.