Nvidia Q2 Earnings Preview: Bullish Sentiment Builds as Analysts Predict Revenue Surge
Nvidia stands at the precipice of another potential earnings triumph as it prepares to release Q2 results. The graphics chip behemoth consistently outperforms expectations, with last quarter's $44.06 billion revenue representing a 69.2% year-on-year explosion. Wall Street now anticipates $46.45 billion in Q2 revenue—a 54.6% annual increase that WOULD mark $2.39 billion sequential growth.
Monday's closing price of $179 reflects modest 2% daily gains amid a stagnant August, with trade tensions and Chinese competition creating headwinds. Yet Traders Union joins the chorus recommending entry positions, projecting the stock could rally to $230 if earnings meet elevated expectations. The company's history of surpassing forecasts lends credence to this optimism.
