Earnings Report from Nvidia (NVDA): Goldman Sachs Predicts $300 Billion Market Surge
Nvidia's Earnings Report Could Trigger Major Market Changes
As anticipation builds for the upcoming earnings report from Nvidia (NASDAQ: NVDA), analysts from Goldman Sachs (NYSE: GS) have forecast a swing of approximately $298 billion in its market value. This significant figure represents over a 9% fluctuation in the stock price.
Positive Predictions for Nvidia's Performance
Wall Street remains optimistic, projecting an earnings per share (EPS) of $0.64, which translates to a remarkable 134% year-over-year growth. Revenue is expected to hit $28.71 billion, marking a 113% increase.
Bearish Signals Emerge
However, negative indicators include CEO Jensen Huang's recent share sales totaling over $128.2 million, sparking concerns about potential insider knowledge affecting earnings.
Nvidia Stock Performance Metrics
- Current stock price: $128.30
- Daily gain: 1.46%
- Weekly gain: 0.77%
- Monthly gain: 14.97%
The results of the earnings report will likely dictate the immediate future of Nvidia's market performance.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.