Nvidia Stock Poised For Major $298B Market Jolt As Q2 Earnings Loom, Says Goldman Sachs: 'Can You Imagine If NVDA Beats Expectations?'
Portfolio Pulse from Benzinga Neuro
Nvidia's upcoming Q2 earnings report could lead to a $298 billion market value fluctuation, with options pricing suggesting a potential 9% stock move. Analysts expect strong revenue growth, but caution about potential short-term setbacks due to supply-demand imbalances.
August 28, 2024 | 5:04 am
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Nvidia's Q2 earnings report could lead to a $298 billion market value fluctuation, with options pricing suggesting a potential 9% stock move. Analysts expect strong revenue growth, but caution about potential short-term setbacks due to supply-demand imbalances.
Nvidia's earnings report is highly anticipated, with potential for significant stock movement. While strong revenue growth is expected, short-term setbacks could arise from supply-demand imbalances. The options market suggests a 9% move, indicating high volatility.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100