Wall Street has its worst day in a month
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The artificial intelligence (AI) giant has exceeded the analyst consensus earnings estimate in 19 of the l\past 21 quarters.
Citi's analysts called Nvidia the undisputed leader in artificial intelligence computing a title it has earned thanks to relentless demand for its H100 chips and growing excitement over its next-generation Blackwell GPUs.
Nvidia stock upgraded to Buy before Q3 earnings. Discover growth insights, AI trends, and price targets, and see why NVDA is a top pick for long-term investors.
Instead, they must focus on the future to make their best estimation about whether the stock is worth buying now or not. Another 1,500% rise over the next five years isn't in the cards, but could Nvidia at least double and crush the market?
Nvidia is set to report its latest earnings after the market closes next Wednesday, and analysts are expecting the chipmaker to top expectations again.
Nvidia (NVDA) shares saw modest movement this week, inching up less than 1% over the past seven days. Investors remain closely attuned to how the company’s valuation compares to its recent revenue and profit growth.
Nvidia heads into Q3 earnings after a flat quarter with strong revenue expectations, heavy index weighting, and lofty valuations. Learn why NVDA stock is a hold.