Nvidia’s shares rose 1.4% on the day before the earnings announcement (comprehensive).

“The most important stock in the world”… Some securities firms raise target stock price,
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NVIDIA logo
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, ‘(San Francisco= Yonhap News) By Kim Tae-jong – The stock price of NVIDIA, a leader in artificial intelligence (AI), closed higher on the 27th (local time) one day before the earnings announcement.’,
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, ‘On that day, NVIDIA’s stock price on the New York Stock Exchange closed at $128.30 (₩177,767), up 1.46% from the previous day.’,
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, ‘The stock price started at $125.03, which was close to 1% lower than the previous day’s closing price of $126.46, amid caution ahead of the earnings announcement.’,
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, ‘It dropped to $123.88, and then rebounded as low-price buying pressure continued along with expectations for positive earnings, successfully reversing the upward trend.’,
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, ‘NVIDIA’s stock price had fallen by 2.25% the previous day.’,
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, “On this day, the rise in NVIDIA’s stock price was the highest among the so-called ‘Magnificent Seven,’ including Apple (0.37%), Microsoft (0.08%), Alphabet (-0.92%), Amazon (-1.36%), Meta (-0.39%), and Tesla (-1.88%).”,
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, ‘Boosted by the rise in NVIDIA’s stock price, the Philadelphia Semiconductor Index, composed of semiconductor-related stocks, also rose by 1.10%.’,
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, ‘According to the U.S. economic media CNBC, “NVIDIA has become the ‘most important stock’ in the world,” adding that “the pressure is mounting ahead of the upcoming earnings announcement.”‘,
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, ‘Hedge fund EMJ Capital founder Eric Jackson said, “If NVIDIA’s earnings disappoint, it will be a big problem for the overall market,” and expressed confidence that “NVIDIA will deliver better-than-expected earnings.”‘,
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, ‘According to market research firm LSEG, Wall Street expects NVIDIA’s second-quarter (May-July) revenue to increase by 112% from a year ago to $28.7 billion, marking triple-digit growth for the fourth consecutive quarter.’,
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, ‘Some forecasts even predict revenue exceeding $30 billion.’,
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, ‘In particular, NVIDIA’s third-quarter guidance, along with second-quarter results, is expected to have a significant impact on the stock price direction.’,
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, ‘The market expects NVIDIA’s third-quarter revenue to reach $31.7 billion, up about 75% from a year ago.’,
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, ‘CNBC reported, “Optimistic earnings forecasts indicate that NVIDIA customers will continue to open their wallets for AI infrastructure investments, while disappointing predictions could raise concerns of a bubble in infrastructure spending.”‘,
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, ‘Some investment firms have raised their target stock prices ahead of the earnings announcement.’,
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, ‘In a report that day, Truist Securities analyst William Stein said, “It seems that NVIDIA’s fundamental and psychological factors are improving,” maintaining a buy rating and raising the target stock price from $140 to $145.’,
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