The average price target for the stock has been moving steadily higher recently, and is above $520, up from $505 just a week ago. The current target implies an upside of about 15% from current levels. Nvidia has risen 212% this year, compared with a gain of 39% for the Philadelphia Stock Exchange Semiconductor Index. Much of the rally reflects optimism over artificial intelligence, which Nvidia is a key player in.
This is one of the first reports by Nvidia where AI is expected to be the primary focus. Generative AI services like ChatGPT were thrust into the spotlight earlier this year and the excitement surrounding applications of artificial intelligence buoyed stocks like Nvidia. Last quarter, Nvidia gave a forecast that was far stronger than expected, cementing its status of a primary beneficiary of spending on AI.
KeyBanc Capital Markets, meanwhile, expects Nvidia’s results and outlook will be “meaningfully above” consensus expectations, given strong demand trends.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:
مصر أحدث الأخبار, مصر عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Futures climb as focus shifts to Powell at Jackson Hole, Nvidia earnings(Reuters) - U.S. stock index futures rose on Monday after a sharp selloff last week, with investors awaiting more clues on interest rates from an ...
مصدر: SaltWire Network - 🏆 45. / 63 اقرأ أكثر »
Bruised Stocks Face Week Full of Tests, From Nvidia to PowellEquity traders reeling from the market’s worst stretch since February face some pivotal events in the days ahead, and a closely watched speech by Federal Reserve Chair Jerome Powell may not even be the biggest test of all.
مصدر: BNNBloomberg - 🏆 83. / 50 اقرأ أكثر »
Nvidia earnings will be major test for AI demand, market rallyA blistering rally in its shares means it has little room for any earnings-related disappointment
مصدر: globeandmail - 🏆 5. / 92 اقرأ أكثر »
Nvidia earnings will be major test for AI demand, market rallyBy Chavi Mehta (Reuters) - Nvidia investors expect the chip designer to forecast quarterly revenue above estimates when it reports results on ...
مصدر: SaltWire Network - 🏆 45. / 63 اقرأ أكثر »
Jackson Hole, Nvidia earnings, Tropical storm Hilary: 3 ThingsThe 10-year Treasury yield continues to surge ahead of Fed Chairman Jerome Powell's speech at the Jackson Hole Economic Symposium this week. Semiconductor producer Nvidia (NVDA) is set to report earnings after the closing bell on Wednesday, August 23. Tropical storm Hilary makes landfall over California as flood warnings coincide with an earthquake that shook up the West Coast state. Yahoo Finance's Julie Hyman breaks down several of the top stories this morning.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »
Nvidia & retail earnings, Jackson Hole: What to watch this weekThere will be a lot of interest in Nvidia's (NVDA) second quarter earnings on Wednesday. Investors will also be eyeing results from Macy's (M), Lowe's (LOW), Peloton (PTON), Gap (GPS), Toll Brothers (TOL), and Dollar Tree (DLTR). There is some key housing data on tap Tuesday and Wednesday. The big event of the week though is Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole Economic Symposium on Friday. Yahoo Finance Reporter Josh Schafer breaks down the events investors need to be watching this week.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »