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Market Analysis

This is the anticipated response of Nvidia stock following Q2 earnings
Amos Simanungkalit · 10.7K Views

16

Ahead of Nvidia's highly anticipated earnings report on Wednesday, Investing.com conducted a poll to gauge investor expectations regarding the stock's performance post-announcement.

The survey reveals a predominantly bullish sentiment among investors as they approach the earnings release. A poll on X.com, published on Monday, received over 3,000 votes, with 41.5% of respondents predicting that Nvidia (NASDAQ) stock will climb by 8% or more when markets open on Thursday, following the earnings report. Additionally, 24.9% expect a more modest increase in share price, ranging between 0.1% and 8%.

Conversely, 13.4% of participants anticipate a decline in Nvidia's stock price between 0.1% and 8%, while more than 20% foresee a substantial drop of 8% or more.

Nvidia is set to release its fiscal 2025 second-quarter earnings after the market closes on August 28. Investors are keenly awaiting confirmation of continued growth in the data center segment, along with updates on potential delays in the launch of the new Blackwell AI chip.

According to Visible Alpha, Wall Street analysts estimate Nvidia's revenue will soar to $28.84 billion, more than doubling from the same quarter last year. Net income is also expected to more than double, reaching $14.95 billion.

Nvidia has seen its value more than double this year, making it one of the top-performing stocks in the S&P 500 with a return of approximately 160%. Since the end of 2022, the stock has skyrocketed by around 783%.

The upcoming earnings report is crucial for both institutional and retail investors. For the Santa Clara, California-based company to sustain its high valuation, it will need to deliver strong results and optimistic forecasts.

Currently, Nvidia trades at 47 times forward earnings estimates, with only Tesla (NASDAQ) among the "Magnificent Seven" having a higher valuation.

 

 

 

 

Paraphrasing text from "Investing" all rights reserved by the original author.

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