Why These Investors Are So Bullish On Nvidia Ahead Of Earnings

Benzinga2021-08-16

The CNBC investor panel on Friday discussed NVIDIA Corp (NASDAQ:NVDA) ahead of its upcoming earnings report.

Nvidia is the "gold standard" in the semiconductor space, Odyssey Capital Advisors' Jason Snipe said.

The company is a leader in data science, artificial intelligence and machine learning, he said: "It's a must-own."

The expectations for the company going into earnings are extremely high, but Snipe said he expects NVIDIA to report strong numbers.

O'Shares ETFs chairman Kevin O'Leary called NVIDIA the Moderna Inc (NASDAQ:MRNA) of the semiconductor sector. He agreed with Snipe and said "it's a must-own name."

"Every single sector of the S&P 500 is using their products and services. They are the reason you can digitize, they optimize digitization," O'Leary said. "They are basically the infrastructure of the new America 2.0 digital direct-to-consumer business in every aspect of it ... I don't know how you can't own it."

Nvidia is scheduled to announce its second-quarter financial results after the market closes on Aug. 18.

NVDA Price Action: Nvidia has traded as high as $208.75 and as low as $109.58 over a 52-week period.

The stock closed Friday up 1.4% at $201.88.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

scout7211
2021-08-16
scout7211
hi
- Waeisiong:
  ok
Kc48
2021-08-16
Kc48
Like n comment pls
- Benz92:
  Ok
- scout7211:
  helo
- cammietang90:
  Like
- Jsgoh28:
  Like
Gaga71
2021-08-16
Gaga71
Nvidia!
- MonKeyTgr:
  yea
Astlen
2021-08-16
Astlen
Help like thanks
Ermmmmmm
2021-08-16
Ermmmmmm
Good to know
SeanSak
2021-08-16
SeanSak
Like n comment

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