🔥Stock Prediction: Guess where NVDA will move following its earning announcement?
Click to vote. Can you predict where $NVIDIA Corp(NVDA)$ will move following its earning announcement? If you get the right answers, you can get 20 Tiger Coins. In addition, you have the chance of winning 100 Tiger Coins.
$NVIDIA Corp(NVDA)$ is scheduled to release its earnings results on 25 May, 2022.For the Nvidia first quarter FY23, the Bloomberg Consensus Estimate for revenues is pegged at $8.102 billion, adjusted net profit is pegged at $3.295 billion, adjusted EPS is pegged at $1.299.
Investors expect to see NVIDIA Corp‘s datacenter growth. Though Nvidia's datacenter growth may once again be a bright spot in the company'sfiscal 1Q 2023 results, Its automotive growth expectations would be a focus for investors given Qualcomm's strong gains in that segment.
Datacenter revenue could exceed its core Gamingsegment sales for the first time amid strong demand from hyperscale and enterprise companiesinvesting in AI and high-performance computing. click to see more
Lets's guess where $NVIDIA Corp(NVDA)$ will move following its earning announcement?
What are your insights about Nvidia's financial reports?
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⏰Event Time
- The deadline for this event is 21:00 on 26th May, SGT
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Guess where NVDA will move following its earning announcement?(Single choice)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.
I believe that Nvidia share price will drop after its earnings announcement.
This is because Nvidia has been on a downward trend looking at the 50 day and 200 days moving averages. In fact its share price has almost halved since last November.
However Nvidia is a market leader that will power its way to the future in self automated driving, cryptocurrencies and cloud gaming. It has also been active in Metaverse through Omniverse.
Nvidia is profitable and has an excellent management team that is consistently innovating its products.
I will take this as a golden opportunity to buy Nvidia as it will grow exponentially in the future. Short term pain for long term gain!
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