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Analysts Bullish on Nvidia Ahead of Q2 Earnings, Highlight ETF Strategies
Analysts Bullish on Nvidia Ahead of Q2 Earnings, Highlight ETF Strategies
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BTCCSquare news:
Nvidia's fiscal Q2 earnings report on August 27 has ignited Wall Street optimism, with analysts from Wedbush, Evercore ISI, and KeyBanc raising price targets by 10% or more. The chipmaker anticipates $45.94 billion in revenue—a 53% YoY surge—and $1.00 EPS, fueled by demand from hyperscalers like Meta, Alphabet, and Microsoft.
Investors eyeing indirect exposure to NVDA's upside may consider ETFs such as VanEck Semiconductor ETF (SMH) and iShares Global Tech ETF (IXN). SMH tracks semiconductor leaders, while IXN offers broader tech diversification, mitigating single-stock risk.
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