Gene Munster Expects Nvidia Earnings To Make Or Break The Market: Why The Analyst Says The Chipmaker Is 'Going To Deliver'
Portfolio Pulse from Adam Eckert
NVIDIA Corp (NVDA) is set to report earnings next week, which is being considered a make-or-break moment for the broader market by Gene Munster of Deepwater Asset Management. The chipmaker is expected to report earnings of $2.05 per share and revenue of $11.02 billion. The stock rallied after Morgan Stanley predicted Nvidia would beat estimates and raise guidance again this quarter. Munster believes that if Nvidia exceeds the expected data center number of around $8 billion, it could send the broader market higher.
August 15, 2023 | 4:31 pm
News sentiment analysis
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NEUTRAL IMPACT
Microsoft, another major player in the AI sector, is mentioned in comparison to NVIDIA, but the news does not directly impact its stock.
Microsoft is mentioned in the context of the AI sector growth, but there is no specific news or predictions about the company that would impact its stock price.
CONFIDENCE 90
IMPORTANCE 10
RELEVANCE 20
POSITIVE IMPACT
NVIDIA's upcoming earnings report is expected to be strong, which could have a positive impact on its stock price.
The positive predictions from analysts, including the expectation that NVIDIA will beat estimates and raise guidance, could lead to increased investor confidence and a rise in the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100