NVDA Aug 2024 1850.000 call
| Previous Close | 0.9300 |
| Open | 0.9300 |
| Bid | 0.9200 |
| Ask | 1.0600 |
| Strike | 1,850.00 |
| Expire Date | 2024-08-16 |
| Day's Range | 0.8800 - 0.9300 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 111 |
- Yahoo Finance Video
Nvidia will 'clearly beat expectations': Analyst on earnings
Nvidia (NVDA) is set to post its first-quarter earnings for the fiscal 2025 year this Tuesday, May 22. Many on Wall Street will have their eyes set on the chip-making giant since it was the leader of previous rallies seen in the market and may be a signal of what's to come going forward. Moor Insights & Strategy Founder and CEO Patrick Moorhead joins Morning Brief to give insight into the upcoming earnings and what investors should expect from its potential impacts on the market (^DJI, ^IXIC, ^GSPC). Moorhead believes Nvidia will outperform expectations: "The company is going to clearly beat expectations on top line and EPS and will likely see a very positive guide. And I base a lot of this analysis on 2 or 3 core things, which is look at demand. Demand is off the rails. What's development risk? Somewhat low because Blackwell is very similar to the previous chip they had. And then there's manufacturing. There could be some risk in manufacturing from TSMC (TSM) and that would be the place to look." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
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