Nvidia’s Earnings Have Wall Street Excited. Why That’s a Risk.

Wall Street’s bullishness on Nvidia ahead of the chipmaker’s hotly-anticipated earnings this week is reaching fever pitch—a trend that has the potential to be a risk for both the stock and wider sentiment if the company doesn’t deliver.

With Nvidia set to report second-quarter earnings on Wednesday, Wall Street has been banging the drum, with a steady stream of analysts outlining bullish expectations into the company’s results—a trend that has shown no sign of stopping. “We expect Nvidia to report results and guidance meaningfully above consensus expectations driven by strong demand and incremental capacity,” KeyBanc analysts led by John Vinh wrote in a Sunday note. “We see favorable risk/reward into earnings and remain Overweight.”

It raises the question: if everyone expects a beat-and-raise, is even a beat-and-raise a beat-and-raise?

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

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
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »

Top Wall Street analysts pound the table on these 5 stocksTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Amazon and Netflix.
Fonte: NBCPhiladelphia - 🏆 569. / 51 Consulte Mais informação »