Earnings
Home›Earnings›Previews›Nvidia shares jump 11% as late-August earnings loom
Nvidia shares jump 11% as late-August earnings loom
Analysts tracked by MarketBeat overwhelmingly rate the stock a Buy, with NVIDIA set to report fiscal Q2 earnings in late August after guiding for just over $91 billion in net revenue.
Nvidia’s stock rose about 11% over one week, a move MarketBeat linked to bullish technical signals and the prospect of a major catalyst ahead of its late-August fiscal Q2 earnings report.
The report also points to potential resistance near the company’s existing all-time high, but suggests moving-average indicators, MACD, and stochastic metrics remain aligned with a trend-following outlook and could support a retest of that resistance by mid- to late-month.
MarketBeat Ratings says analyst sentiment is strongly positive, noting 51 of 53 analysts it tracks have rated Nvidia as a Buy. The same coverage highlights a consensus view that implies more than 30% upside from the key resistance level, with valuation and growth projections suggesting substantial upside if expectations hold.
On fundamentals for the upcoming quarter, MarketBeat cites NVIDIA’s guidance for just over $91 billion in net revenue, up more than 95% versus the prior year, with acceleration both sequentially and year over year.