Analyst reworks Nvidia stock price target ahead of earnings
Options traders expect huge price swings for Nvidia stock when the AI-chip maker posts fiscal-fourth-quarter results on Wednesday.
Nvidia shares moved firmly higher in early Monday trading following a bullish note on the AI-chip maker's near-term prospects heading into its crucial fiscal-fourth-quarter earnings report after the close of trading on Wednesday.
The Santa Clara, Calif., group (NVDA) , which remains in negative territory for the year following its staggering $2.3 trillion market-value surge in 2024, will update markets on the final quarter of its fiscal year, which ended in January, and guide investors on its current-quarter sales forecast.
