πππI believe that $NVIDIA Corp(NVDA)$
will close flat tomorrow . Its share price has gone up so much in the past year. However Wall Street Analysts are bullish on NVIDIA because of its dominant positioning in the AI arena.
Moreover, analysts expects Nvidia's margins to remain strong, led by strength in the Data Centre segment and higher prices for GPUs.
Nvidia is expected to report earnings of 92 cents per share in Q1 2023, compared to 88 cents per share in Q4 2022. However earnings are likely to decline year over year due to tough year over year comparisons.
Overall I believe that Nvidia will do well in the long term and will be keeping a close watch to buy and hold because of its dominant positioning in the AI space.
Comments
Share price soaring, analysts bullish, and strong margins? Nvidia's on a rocket ship to success
Just make sure Nvidia doesn't develop a sentient GPU that takes over the world!
Don't worry, Nvidia, we'll still love you even if you stumble a bit
I guess we'll have to mortgage our houses to afford gaming rigs
Flat tomorrow? Well, if it's a pancake, I'll take some syrup and hold on tight!