Goldman thinks Nvidia is going to beat and so does the options market

Nvidia is set to report fiscal third-quarter results after stock market closes Wednesday. Analysts polled by LSEG expect the artificial intelligence darling to post earnings and revenue growth of more than 80% compared to the year-earlier period. Given the chipmaker's massive size — it has a market cap of more than $3.6 trillion, the biggest of any U.S.-listed company — the results will reverberate across the stock market.

Marshall said the Wall Street bank expects Nvidia to beat 3Q Street expectations driven by strong double-digit data center revenue growth, and FY1Q to be the true "break out" quarter when the ramp up in Blackwell chip sales and improved supply-side conditions push analysts to revise earnings estimates higher. Nvidia shares ticked slightly higher in the Wednesday premarket as traders awaited the report.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Can Nvidia Save the Market One More Time Today?Stocks Analysis by Michael Kramer covering: S&P 500, NVIDIA Corporation, CBOE Volatility Index, Invesco S&P 500® Equal Weight ETF. Read Michael Kramer's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Goldman Sachs names 2 top auto stocks in Asia — giving one 44% upsideGoldman Sachs has refreshed its list of top stock picks in Asia to include two auto stocks.
Source: CNBC - 🏆 12. / 72 Read more »

Beyond ASML: Goldman reveals its refreshed list of top European stocks — giving one 50% upsideGoldman Sachs refreshed its list of top stock picks in Europe by adding some and removing others like ASML.
Source: CNBC - 🏆 12. / 72 Read more »