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● $NVIDIA (NVDA.US)$After the trading hours on the 21st (local time,Japan time, 6:20 AM on the 22nd.) The company plans to announce its earnings for the November 2023 - January 2024 fiscal period.
NVIDIA's stock price has been performing well, recording a significant increase of nearly 50% year-to-date. The driving force behind this growth is the increasing demand for AI technology, leading the company to receive optimistic target price upgrades from financial institutions such as Goldman Sachs and Bank of America.
According to moomoo, market estimates for NVIDIA's Q1 earnings report are as follows:Revenue is expected to increase by 239.06% year-on-year to $20.517 billion.,The expected EPS is forecasted to increase by 637.74% to $4.21 per share.
Loop Capital analyst Ananda Baruah,rated NVDA as 'buy' with a target stock price of $1200.However, there is a risk of a stock price decline if it fails to meet market expectations.Read also: Nvidia's...There are also.
Expecting Nvidia to report earnings on the 22nd at 6 AM ET, Wall Street predicts a rise of over 65%.