Previous close | 425.25 |
Open | 447.71 |
Bid | 451.85 |
Ask | 455.35 |
Strike | 500.00 |
Expiry date | 2024-08-16 |
Day's range | 447.71 - 447.71 |
Contract range | N/A |
Volume | |
Open interest | 134 |
Nvidia (NVDA) is gearing up to report its first quarter earnings next Wednesday, and analysts are clearly optimistic. Revenue estimates for the tech giant are bullish, with projections calling for $24.51 billion. Yahoo Finance's Seana Smith and Brad Smith delve into the details, discussing how artificial intelligence (AI) has been a driving force for the company and how it has continued to cement its position as a leader in the tech space. Furthermore, they explore the key factors analysts expect to propel Nvidia's earnings report. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
While consensus Wall Street forecasts call for the chip maker to report first-quarter revenue of $24.51 billion, it will likely need to beat that for the stock to rise significantly.
Tech has been the star of the stock market show for more than a year, but investors wouldn’t know it from the performance of one of the sector’s benchmark exchange-traded funds. But it’s clear why investors aren’t rushing to scoop up these tech stocks, especially when compared with the M7’s much higher forecasts for earnings growth.