Nvidia (NVDA) Earnings Preview: The AI Juggernaut Facing Wall Street’s Reality Check
All eyes on the last remaining ’Magnificent 7’ stock as Nvidia preps to report Q1 earnings—can it possibly meet the market’s god-tier expectations?
The chipmaker’s shares have become the casino chips of the AI boom. Now institutional gamblers—sorry, ’investors’—wait to see if the house wins again.
No pressure, just the entire semiconductor market’s valuation riding on one earnings call. What could go wrong?
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Nvidia is the Top Mag 7 Stock to Watch in May With Critical Earnings Nearing
The midpoint of the week proved to be a tough one for the US stock market. Not only did the market itself drop, but so too did the US dollar and bonds. Indeed, the Dow Jones looked to turn things around after an 800-point decline amid increased concerns from a macroeconomic perspective.
That hasn’t derailed hope for one of the biggest companies in the world, however. Nvidia (NVDA) remains the top Magnificent 7 stock to watch in May as its Q1 earnings report is fast approaching. Indeed, the data is set to be unveiled in just seven days, with all eyes on the outcome.
Company expectations still sit at $43 billion, while Zack’s Consensus Estimates sit at $42.7 billion, up 64% from this time a year ago. Additionally, estimates project an increase of more than 42% in earnings per share for the chipmaker despite its struggles this year.
The company bounced back from a 1.9% decline on Wednesday to jump 1% on Thursday as it trades at the $133 mark. Moreover, it remains above the 200-day line that supports a potentially bullish MOVE to come for the stock before the month ends. Indeed, all eyes will be on how the imminent earnings data impacts the stock, especially with so much uncertainty surrounding market conditions.
