Nvidia Earnings Catalyst Insight

2 months ago

Christine Aino

"Well, Paul, we got to take a look at Nvidia, of course, uh because it's not moving a lot today, actually. So, ticker NVDA, those shares just down onetenth of 1%, but because it is such a massive stock, is one of the top contributors still in terms of what's dragging the S&P 500 down, which remains in the green. It's been flip-flopping a lot this morning. A lot of kind of questions around what the earnings picture is going to look like next week. As you mentioned, it is reporting on Wednesday. And so we have found, you know, that Nvidia earnings have tended to be a catalyst for traders to sell, particularly in that period 3 to 5 days after the results, right? And so this time around, Bloomberg Intelligence expecting Nvidia to once again beat estimates both for fiscal third quarter and their fourth quarter guidance."

Nvidia (NVDA) is under the spotlight as its shares are slightly down while earnings expectations remain high. The discussion highlights that the stock's earnings typically trigger selling 3 to 5 days after reporting, despite Bloomberg Intelligence's expectation of another beat in estimates driven by strong chip demand.

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