) is slated to report its earnings after the market closes on August 28. Market participants are anticipating a significant stock price movement, with options suggesting a 10% fluctuation on August 29.The stock has seen a price range from $90 to $140 since May 23. According to a recent survey by brokerage firm Evercore ISI, 57% of investors predict that Nvidia's shares will settle between $120 and $140 at the end of the day on August 29.
"We expect initial volumes in the October quarter, as the initial product is functional but with somewhat lower yields, and we still expect a volume ramp of the next revision of silicon through January - all of which is still within the broad brush strokes of guidance," Morgan Stanley analysts said in a note.
"NVIDIA remains our Top Pick, and regardless of expectations issues, the fact that headwinds simply do not affect the company's strong momentum drives our thoughts.
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