Nvidia Corporation is set to release its first-quarter earnings, with mixed opinions from experts on the stock’s growth potential. Ross Gerber of Gerber Kawasaki Investment and Wealth Management believes that Nvidia is fully valued at its current price and may struggle to rise in the near term, while Wedbush analyst Daniel Ives disagrees and sees potential for growth in the AI revolution.
Analysts are anticipating Nvidia’s first-quarter earnings to be around $24.6 billion, with expected earnings per share of $5.58, marking a significant increase from the same period last year. Nvidia has a track record of surpassing analysts’ earnings per share predictions, with traders bracing for a potential 8.7% swing in the stock price following the earnings report.
Nvidia shares closed up 0.64% on Tuesday at $953.86, with the options market indicating a potential market capitalization fluctuation of $200 billion, surpassing many companies in the S&P 500. Overall, there is speculation and anticipation surrounding Nvidia’s upcoming earnings report within the investment community.
Please note that this content was created with the assistance of Neuro Benzinga and has been reviewed and published by Benzinga editors.
Article Source
https://www.benzinga.com/news/24/05/38955066/nvidia-stock-fully-valued-according-to-ross-gerber-wedbush-analyst-dan-ives-says-we-strongly-disagre
