Nvidia Q2 Earnings Preview: 3 Ways AI-Driven Numbers Could Move The Stock
Portfolio Pulse from Piero Cingari
Nvidia Corporation (NASDAQ:NVDA) is set to report its Q2 earnings, with the market keen to gauge its performance in the AI sector. The chipmaker giant previously announced that Q2 revenues would exceed market expectations, driven by AI-related semiconductor sales. Wall Street analysts predict earnings per share of $2.08 and revenues of $11.19 billion for the quarter, representing a 316% increase in earnings and a 67% rise in revenues YoY. Nvidia's stock has shown resilience in recent trading sessions, rebounding from the 21-day moving average support.
August 23, 2023 | 5:26 pm
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Nvidia is expected to report strong Q2 earnings, driven by AI-related semiconductor sales. The stock has shown resilience, rebounding from the 21-day moving average support. However, any deviation from market expectations could trigger a sell-off.
Nvidia's expected strong Q2 earnings, driven by AI-related semiconductor sales, could boost its stock. However, any deviation from market expectations could trigger a sell-off, impacting the stock negatively.
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