Nvidia is set to release its earnings report after the market closes on Wednesday. The stock, which hit a record high near $974 per share in 2024, is currently trading near $937. Investors should be prepared for potential big moves in the stock based on the earnings report, with the possibility of a gap up if the numbers are strong, or a gap down if they are disappointing. Analysts are expecting the company to report earnings of $5.55 per share on $24.17 billion in revenue, with the unofficial “Whisper number” predicting earnings of $5.80 per share.
Looking at the company’s fundamentals, Nvidia has shown strong earnings growth in recent years. Earnings have increased from $1.45 in 2020 to $3.34 in 2023, and are projected to reach $12.96 in 2024, $24.10 in 2025, and $30.52 in 2026. This growth rate is one of the strongest on Wall Street, making the stock an attractive choice for investors. Additionally, the stock is currently trading near an all-time high and above its key moving average lines, indicating strength in the technicals.
Nvidia’s company profile highlights its offerings in graphics, compute, and networking solutions, with products for gaming, enterprise workstation graphics, cloud-based computing, automotive platforms, and more. The company’s products are used across various industries, including gaming, data center, automotive, and professional visualization. Nvidia provides critical chips that enable artificial intelligence and has been a key player in the technology industry since its incorporation in 1993.
Investors should pay close attention to how the stock reacts to the earnings news, as this will give important insights into market sentiment and the company’s performance. It is advisable to keep losses small and not argue with the market trends. Nvidia’s stock has been featured on FindLeadingStocks.com and the author of the article discloses having a position in NVDA at the time of writing. With strong growth prospects and a solid track record, Nvidia remains a stock to watch in the technology sector.
