Nvidia Corporation Earnings Report: Anticipated 10% Stock Price Movement on August 29
Nvidia Corporation (NASDAQ:) is set to release its earnings report after the market closes on August 28, causing market participants to expect a significant stock price fluctuation. Options are suggesting a potential 10% movement in stock price on August 29.
Investing.com is currently conducting a poll on X ahead of the much-anticipated earnings report. The stock price of Nvidia has ranged from $90 to $140 since May 23. A recent survey by brokerage firm Evercore ISI reveals that 57% of investors predict that Nvidia's shares will settle between $120 and $140 by the end of the day on August 29.
27% of investors anticipate the stock to exceed $140, while 14% foresee it ranging between $90 and $120, and only 2% predict a dip below $90. Despite timing delays with Nvidia's Blackwell product, the market views this as a buying opportunity, with robust demand for H200 and H20 products expected to offset any revenue shifts.
According to Morgan Stanley analysts, initial volumes for Blackwell are expected in the October quarter, with a volume ramp of the next silicon revision through January. Current demand signals for Nvidia's offerings show no signs of slowing down, and management is expected to convey that production is on track for this quarter.
Nvidia is anticipated to report earnings of 64 cents on revenue of $28.68 billion. Despite some challenges, analysts remain optimistic about Nvidia's strong momentum and expect visibility to improve as new products ramp up.
Analysis:
Nvidia's upcoming earnings report is expected to have a significant impact on its stock price, with options suggesting a 10% fluctuation. Investors are predicting various price ranges for the stock, with a majority expecting it to settle between $120 and $140. Despite delays with a key product, the market views this as a buying opportunity due to robust demand for other products. Analysts remain bullish on Nvidia's long-term prospects, citing strong momentum and potential for growth. This information can help investors make informed decisions about their investments in Nvidia.