US Earnings Preview: What to Expect from NVIDIA Results

📆 16/02/2024 12:49:00
📰 DailyFX

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For NVIDIA to sustain its lofty share price, it's imperative that the company's results meet Wall Street's expectations.

is driven by the increasing demand for AI technology, and the company has received optimistic price target upgrades from institutions like Goldman Sachs and Bank of America.

Fueling this ascent, esteemed financial institutions such as Goldman Sachs and Bank of America have issued bullish price target upgrades, injecting a fresh wave of optimism among investors. This vote of confidence has been instrumental in driving the aggressive capital gains NVIDIA has enjoyed recently.

GAAP and non-GAAP operating expenses are expected to be approximately $3.17 billion and $2.20 billion, respectively.

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