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

Benzinga 2024-08-28

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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.

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