What's Going On With Nvidia Stock?
Portfolio Pulse from Adam Eckert
NVIDIA Corp (NASDAQ:NVDA) shares are volatile ahead of the company's Q1 results due on Wednesday. Analysts have raised price targets, with the stock up more than 110% since the start of the year. The company is expected to report earnings of 92 cents per share on quarterly revenue of $6.52 billion.
May 23, 2023 | 3:12 pm
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POSITIVE IMPACT
NVIDIA's Q1 results are due on Wednesday, with analysts raising price targets ahead of the report. The stock has surged more than 110% YTD, and a strong earnings report is crucial for continued growth.
NVIDIA's stock has seen significant growth this year, and the upcoming Q1 results are crucial for continued growth. Analysts raising price targets ahead of the report indicate a positive outlook for the company. A strong earnings report could further boost the stock price, while a weak report may cause a decline. Given the positive sentiment from analysts, the short-term impact is likely to be positive.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100