Big Nvidia earnings drop today — will the stock soar or sink? Traders weigh in
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Nvidia Stock Could Swing Up or Down
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After Nvidia posts its quarterly earnings report after the markets close on Wednesday, the entire stock market may feel the impact, as per experts.An analysis of options pricing data suggests Nvidia's stock could move about 6% in either direction by the end of the week, reported Investopedia. The stock movement would put the AI chipmaker's share price at either $143.92, which is a 4-month high, or $127.09, which is slightly above where it closed after the United States and China negotiated to lower tariffs on each other's imports, as per the report.The second-most valuable company's shares jumped almost 25% last month, bringing the stock up about 1% for the year, according to Investopedia. Technical analysis has pointed to bullish momentum heading into Wednesday's results of the company, as per the report.ALSO READ: Thought U.S. and EU drones were superior? Russia unleashes drones that fly higher and faster — here's all about them According to Investopedia, analysts expect Nvidia to report around 66% revenue growth and 40% earnings growth for the latest quarter. As per the analysts tracked by Visible Alpha, two analysts recommend buying the Nvidia stock, reported Investopedia. The analysts' average price target of $164 would be about 25% upside from Friday's close, as per the report.However, it has been one year since Nvidia shares increased after it announced a quarterly report, as per Investopedia. The AI chipmaker's stock rose over 9% in May 2024 as the firm exceeded earnings expectations and had also announced the 10-for-1 stock split, which led it to join the blue-chip Dow Jones Industrial Average, according to the report.While Nvidia has consistently beaten earnings estimates since then, but, it has still failed to impress investors, as per Investopedia. Nvidia's shares dropped after each of the company's three latest earnings reports, including about a 9% fall in February, even though "the results contained ample evidence that demand for its AI-enabling chips remained as strong as ever," reported Investopedia.After the markets close on Wednesday, May 28.Roughly 6% in either direction by the end of the week, based on options pricing.
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