What's Going On With Nvidia Stock? Earnings Ahead
Portfolio Pulse from Erica Kollmann
NVIDIA Corporation (NASDAQ:NVDA) shares are trading higher after analysts raised their price targets ahead of the company's upcoming earnings report. HSBC, Keybanc, and Wedbush analysts all maintained positive ratings and raised price targets, citing Nvidia's strong position in AI trends and expected robust earnings. Nvidia is set to release its Q2 earnings on Wednesday, with Wall Street anticipating earnings of $2.07 per share and quarterly revenue of $11.17 billion.
August 21, 2023 | 3:53 pm
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NVIDIA's stock is trading higher after analysts raised their price targets ahead of the company's Q2 earnings report. The positive sentiment is driven by Nvidia's strong position in AI trends and expected robust earnings.
The news directly pertains to NVIDIA and its upcoming Q2 earnings report. Analysts' positive sentiment and raised price targets indicate strong confidence in the company's performance, which is driving the stock price higher. This is likely to have a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100