Do You Invest In Nvidia Stock Then You Should Read This

If you are an investor and have invested in Nvidia Stock then beware. The market looks like Nvidia shares were dropping on Tuesday. Ahead of the chip maker’s earnings announcement, the market appears to be exercising caution.

According to The Factset Survey, Have a Look At The Report Of Nvidia Stock

Before the Presidents Day holiday on Friday, Nvidia’s stock ended the day 0.1% lower at $726.13. According to a FactSet survey of analyst predictions, the corporation is projected to report quarterly earnings of $4.59 per share and revenue of $20.4 billion when it reports its January-quarter earnings on Wednesday after the market closes.

This week, the stock saw another price increase as HSBC analyst Frank Lee lifted his target price for the stock from $800 to $835 and kept a Buy rating. Despite this, he downplayed expectations for an increase in profitability, predicting that Nvidia’s sales would be in line with market forecasts.

Frank Lee wrote on a research note on Monday, “We feel that because consensus results are now coming closer to our projections, total market expectations have increased dramatically. Therefore, in comparison to the sales and earnings surprise of 2023, we expect little space for further earnings upside in 2024.”

He also said that he was confident that the company would benefit in the long run from the company’s expansion into the market.

His target price is predicated on a 35-fold price-to-earnings multiple of Nvidia’s anticipated fiscal year 2025 earnings.

Other Stock Rates

Other chip makers’ stocks were mixed. Intel was up 0.4% at lunchtime trading, while Advanced Micro Devices was down 6.7%. Talks to give Intel more than $10 billion in subsidies were held by the Biden administration.

Competition from other businesses, like AMD, is one problem that Nvidia’s management is expected to be questioned about on its earnings call. This is especially true as the market looks for chips that can handle inference-producing outcomes or answers from AI systems in addition to training activities

Roy maintained his Buy rating on Nvidia stock. With an $865 target price and a price-to-earnings multiple of 35 times the company’s projected earnings for the upcoming fiscal year 2026,

On Tuesday, Nvidia announced that its GTC 2024 conference would take place from March 18–21, with speakers from Meta Platforms, Microsoft, and Alphabet’s Google.

Shares of Nvidia have increased 47% so far this year as of Friday’s close. In contrast, the S&P 500 index increased by 4.9%, while the Nasdaq Composite.

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