Nvidia Stock Poised For a Nearly $300 Billion Market Jolt As Q2 Earnings Loom, Says Goldman Sachs: 'Can You Imagine If NVDA Beats Expectations?'

2024-08-28 75

Investors are keenly observing NVIDIA as it approaches its second-quarter earnings report, with potential market value fluctuations of nearly $300 billion expected, according to Goldman Sachs. The report could trigger a 9% swing in the stock. While Nvidia has consistently exceeded revenue expectations, some analysts caution about possible short-term setbacks, including supply-demand imbalances. Nvidia's growing role in AI and data centers continues to position it as a dominant force in the tech sector.