#NVDA #Pullback
Nvidia's stock closed at **$128** ahead of its Q2 earnings report on August 28, 2024.
Pre-Earnings Predictions:
Analysts are anticipating robust results, driven by Nvidia's strong performance in the AI and data center segments. The expected earnings per share (EPS) growth is significant, with revenue also forecasted to increase substantially year-over-year.
- **If Nvidia Beats Expectations**: If the results are better than expected, the stock could see a sharp increase, potentially pushing the price towards **$135 to $140**
- **If Results Fall Short**: Conversely, if the earnings or guidance disappoint, the stock could see a decline, potentially moving back towards the **$120** level or slightly lower.
These projections hinge on the outcome of the earnings report, which will significantly influence Nvidia's stock price direction in the coming days.
Conclusion: Whatever the case, the market have already adjusted to the price of the earning hence I predict that there will be a pullback to USD120, would advise to sell the stock prior to the earnings to take profit if you have or buy the stock after the earning when it go lower then USD120.
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