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Can Nvidia reignite the artificial intelligence rally?
The AI Profit Predictor just signaled a big move for NVDA – by using predictive artificial intelligence.
Simply go here for details – and see how it works.
The world’s most valuable company reports earnings on Wednesday afternoon.
Nvidia is considered the bellwether for the tech sector. The company sells over 90% of the semiconductor chips that are being purchased by Alphabet, Amazon, Meta, Microsoft and Oracle for their data centers.
There has been growing skepticism related to AI. The big concern is that big tech companies are overspending and will not be able to achieve a positive return on their investment. Those concerns sent shares of Meta dropping 20% after earnings. And Nvidia is down 8% in the last couple weeks.
Strong earnings and a bright outlook from Nvidia could buoy recent volatility in the AI trade.
Here are Wall Street’s quarterly earnings expectations:
- Revenues: $55 billion +57%
- EBITDA: $36.9 billion + 65%
- EPS: $1.25 +55%
CEO Jensen Huang says that there is enough demand for Nvidia sell over $500 billion of chips by the end of next year.
My sense is Nvidia’s results – and Huang’s comments – will show that the AI buildout remains in track. It will show that the spending boom isn’t slowing down anytime soon.
Options markets predict the stock will rise or fall around 6% after the earnings report.
All eyes are going to be on the Nvidia earnings report.
So, where is Nvidia stock going to trade this week?
My new AI Profit Predictor spotted 3 potential trades for November 19.
Simply go here for details and get the trades.
Ian Wyatt