Nvidia Earnings Preview: NVDA produces new all-time high before selling off

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

Nvidia (NVDA), the leading global designer of GPUs and chips specifically used in generative AI systems, has seen its share price break to a new all-t

NVDA has broken the $480.88 all-time high from July 14.Q2 revenue is expected to jump 65% YoY due to heavy demand for AI-focused chips. , the leading global designer of GPUs and chips specifically used in generative AI systems, has seen its share price break to a new all-time high on Tuesday. The market is anticipating a significant beat-and-raise announcement at Wednesday’s post-market earnings call.

On Monday, HSBC analyst Franke Lee raised his price target on NVDA stock from $600 to $780. Lee’s view is that there is plenty of likelihood that the earnings outlook for next year will rise substantially from here, giving Nvidia a much lower forward price multiple. Nvidia’s rally this spring began when management hiked its outlook on Q2 revenues by $4 billion, so there is some precedent to that idea.

The average price target on Wall Street is $487.56. Twenty-four analysts have given Nvidia stock a Buy rating, six give it a Strong Buy, and only three have given it a Hold rating.higher over the past quarter. The consensus for adjusted earnings per share is now $2.09. The sales consensus for the quarter is $11.07 billion, slightly higher than Nvidia’s surprising outlook for $11 billion during the Q1 earnings call back in May.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 14. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Nvidia earnings will be major test for AI demand, market rally By ReutersNvidia earnings will be major test for AI demand, market rally
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »

HSBC hikes Nvidia price target ahead of earnings, sees 80% upsideAnalyst Frank Lee raised his target price on the stock to $780 from $600.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »

Nvidia's stock looks to snap losing streak as earnings optimism buildsNvidia Corp.'s earnings are drawing nearer, and yet another analyst is feeling upbeat heading into the upcoming report.
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »

Nvidia earnings to offer first true glimpse of the AI windfallWall Street seems confident that Nvidia will post 'beat-and-raise' earnings this week. The key question now is how much upside the chip giant can deliver.
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »

Wall St opens higher with focus on Nvidia earnings, Jackson Hole meet By ReutersWall St opens higher with focus on Nvidia earnings, Jackson Hole meet
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »