Nvidia earnings preview: What’s next for Nvidia stock

00:00 Speaker A

Jared, um, stay on the charts for a second because we’re 12 days out from Nvidia, and those 12 days are going to go very quickly. What are you seeing there?

00:09 Jared

Let’s take a look at the charts. So here’s a one-year chart of Nvidia. Uh let’s actually expand this to three years because remember in the beginning of this bull market, which actually started in the back half of uh in the later part of 2022, Nvidia was a huge part of that. But Nvidia spends a lot of time going sideways. I’m going to draw some. Here’s 2024 to 2025. Here’s 2025 to 2026, and we’re just in another big trading range right here. What’s the catalyst going to be for Nvidia? I don’t know. Um I think the hyper scalars when they came out with their earnings this year, uh especially Microsoft, the demand is there uh that I’m seeing, but there are a lot of concerns. So, you know, Nvidia is the poster child for the picks and shovels trade, and if I’m going to be bullish on memory, I’m also going to be bullish on Nvidia, but I don’t think uh Nvidia has the same gas in the tank that some of these other trades do.

01:06 Speaker A

And that’s one thing that worries me into this Nvidia report. I the quarter’s going to be huge. I think the outlook’s going to be huge, but I do think at this point, a lot of these huge things have been factored into the stock price.

01:19 Speaker B

Most definitely. Um look, but I wouldn’t uh pass put it past Jensen…