Hold Tight! Nvidia’s Upcoming Earnings Could Catapult Shares to New Heights.

InvestorPlace04-19

Nvidia (NVDA) stock has begun to plateau over the past month, providing an entry point for long-term investors. The company’s CEO Jensen Huang envisions an AI-driven future, powered by Nvidia. The ...

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Nvidia’s Upcoming Earnings Could Catapult Shares to New Heights.","media":"InvestorPlace","content":"<div>\n<p>Nvidia (NVDA) stock has begun to plateau over the past month, providing an entry point for long-term investors.\nThe company’s CEO Jensen Huang envisions an AI-driven future, powered by Nvidia.\nThe ...</p>\n\n<a href=\"https://investorplace.com/2024/04/hold-tight-nvidias-upcoming-earnings-could-catapult-shares-to-new-heights/\">Source Link</a>\n\n</div>\n","source":"investorplace_stock_picks","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hold Tight! 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Nvidia’s Upcoming Earnings Could Catapult Shares to New Heights.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-19 20:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/04/hold-tight-nvidias-upcoming-earnings-could-catapult-shares-to-new-heights/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nvidia (NVDA) stock has begun to plateau over the past month, providing an entry point for long-term investors.\nThe company’s CEO Jensen Huang envisions an AI-driven future, powered by Nvidia.\nThe ...</p>\n\n<a href=\"https://investorplace.com/2024/04/hold-tight-nvidias-upcoming-earnings-could-catapult-shares-to-new-heights/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BFSS7M15.SGD","symbol_name":"Janus Henderson Balanced A Acc SGD-H","start_time":0,"source_url":"https://investorplace.com/2024/04/hold-tight-nvidias-upcoming-earnings-could-catapult-shares-to-new-heights/","article_id":"2428165545","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428165545","pubTimestamp":1713529416,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"There are plenty of chip stocks out there for long-term investors to choose from, but Nvidia stock is likely to remain the winner over time.","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","BK4561":"索罗斯持仓","LU0080751232.USD":"富达环球多元动力基金A","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0056508442.USD":"贝莱德世界科技基金A2","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","QID":"纳指两倍做空ETF","LU0234572021.USD":"高盛美国核心股票组合Acc","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","BK4529":"IDC概念",".IXIC":"NASDAQ Composite","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","TQQQ":"纳指三倍做多ETF","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","AMZN":"亚马逊","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","PSQ":"纳指反向ETF","QLD":"纳指两倍做多ETF","QQQ":"纳指100ETF","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4507":"流媒体概念","NVDA":"英伟达","GOOG":"谷歌","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","GOOGL":"谷歌A","BK4525":"远程办公概念","LU0861579265.USD":"联博低波幅策略股票基金A","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4524":"宅经济概念","SQQQ":"纳指三倍做空ETF","BK4527":"明星科技股","LU0557290698.USD":"施罗德环球可持续增长基金","BK4077":"互动媒体与服务","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0289941410.SGD":"AB FCP I Dynamic Diversified AX SGD","BK4503":"景林资产持仓","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC"},"translate_title":"抓紧了！英伟达即将公布的收益可能会将股价推高至新高。","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMZN":1,"GOOGL":1,"GOOG":1,"NVDA":1,".IXIC":0.78,"QQQ":0.6,"TQQQ":0.6,"SQQQ":0.6,"PSQ":0.6,"QID":0.6,"QLD":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"Nvidia (NVDA) stock has begun to plateau over the past month, providing an entry point for long-term investors.\nThe company’s CEO Jensen Huang envisions an AI-driven future, powered by Nvidia.\nThe company’s recent product releases position the company well for domination in the high-performance computing space.\n\n\n\n\n\n \n\nSource: Ascannio / Shutterstock.com\n\n\n\nAmid the AI fervor cooldown, investor enthusiasm for the top AI chip maker has waned somewhat. However, anticipation for Nvidia’s (NASDAQ:NVDA) next move higher persists. With earnings expected next month, recent sell-side analysis, particularly Raymond James’ Srini Pajjuri, have continue to put forward a bullish stance on the chip name. Pajjuri and others have increased their price targets on this name, with this particular analysis putting a price target of $1000 on Nvidia stock. Indeed, such moves suggest plenty of optimism remains in this name. \nCiti analysts also maintain a positive outlook on NVDA stock, anticipating a “90-day positive catalyst watch.” Optimistic about supply chain discussions indicating prolonged GPU demand, Citi’s projections align with market estimates. \nNvidia’s Q4 earnings release date, slated for late-May based on past trends, could provide the next key catalyst for this stock. Anticipated strong results stem from robust demand for Nvidia’s AI-compatible chips, fueled by tech giants’ pursuit of AI software dominance.\nHere’s more on why I think Nvidia stock remains a buy-and-hold stock to continue owning here.\nPioneering Drive Platform\nAt Nvidia’s recent GPU Technology Conference (GTC), Danny Shapiro introduced the Pstar 3, showcasing Nvidia Drive’s capabilities. This innovation will allow for data-driven features in new vehicles such as ultrasonics for safer navigation, cameras, radar, and more. The move could also create a whole new era for automotive AI.\nNvidia’s Drive platform features a specialized automotive-grade supercomputer designed to withstand harsh environmental conditions. This resilience ensures reliable autonomous functions globally. Shapiro detailed how Nvidia’s AI processes vast sensor data for quick decision making capabilities, which is essential for navigation and continuous system enhancement.\nNvidia’s approach includes generative AI within the Omniverse platform, crafting precise digital twins of vehicles and cities. This enables extensive testing and simulation of vehicle performance without physical prototypes. The Omniverse offers realistic simulations, allowing engineers to refine designs effectively and predict safety performance.\nCEO Says AI Makes Society ‘Equitable’\nNvidia’s CEO, Jensen Huang, views AI as a means to foster social equity, contrary to common misconceptions about its purpose. At Oregon State University’s groundbreaking event for a computing research building named after him and his wife, Lori, Huang emphasized AI’s potential for uplifting marginalized communities. He stated that AI has leveled the playing field, marking it as the tech industry’s significant contribution to societal advancement.\nHuang highlighted AI’s potential to democratize opportunities by assisting individuals in coding and accessing databases using natural language. He emphasized that AI could be a constant collaborator and tutor, addressing the limitations those without coding skills face. The couple pledged a $50 million donation to the research center in 2022 to support this vision.\nThe Jensen Grant\nRecent reports indicate that the number of restricted stock units (RSUs) Nvidia stock will be providing employees will be boosted, depending on the company’s share price. The “Jensen special grant” would vest over four years, with the first installment on September 18. This move seems to be a smart one, incentivizing top engineers to stay with the high-flying tech giant, which has seen its share price soar of late. \nRecent hires were reportedly given stock options valued at $200,000, with an additional $50,000 in RSUs issued as part of t his grant. Employees also received quarterly equity refreshers based on performance. Nvidia declined to comment on the matter, but overall, the market appears to be looking at this move as a key catalyst worth considering. \nBottom Line\nIn February, Nvidia stock exceeded expectations, with reported Q4 revenues hitting $22 billion, a 270% increase from the previous year. In March, Nvidia surpassed Aramco of Saudi Arabia, becoming the third of most valuable company worldwide. It also surpassed Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) and Amazon (NASDAQ:AMZN), Nvidia’s peers in the Magnificent Seven, securing third spot in the U.S market.\nYes, Nvidia stock is a massive player in a high-growth market. But its valuation doesn’t look crazy at current levels. The company continues to see impressive growth. Until this trend abates, this is a stock I think remains worth owning at current levels. \nOn the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nChris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.Technology, SemiconductorGrowth Stocks \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/04/hold-tight-nvidias-upcoming-earnings-could-catapult-shares-to-new-heights/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428165545"}