Can Nvidia's Stock Approach $400? Here's Why Earnings May Mark the Start of a Big Rally

Nvidia's Stock on the Rise

Nvidia shares have gone nowhere this year, but a Cantor Fitzgerald analyst sees next Wednesday's earnings report as the first of a few notable catalysts. The analyst believes that Nvidia's earnings will mark the start of a big rally, with the stock potentially approaching $400.

Analyst's Prediction

The analyst's prediction is based on Nvidia's strong performance in the past few years, as well as the company's growing presence in the artificial intelligence (AI) market. Nvidia has been a leader in the development of AI technologies, and the analyst believes that the company's earnings will reflect this growth.

Market Expectations

The market is expecting Nvidia's earnings to be strong, with analysts predicting a revenue growth of 20% year-over-year. However, the analyst believes that the company's earnings will exceed these expectations, leading to a significant increase in the stock price.

Conclusion

Nvidia's earnings report next Wednesday will be a crucial indicator of the company's performance in the AI market. If the company's earnings exceed expectations, it could lead to a significant increase in the stock price, potentially approaching $400.

Sources

[2] Can Nvidia's stock approach $400? Here's why earnings may mark the start of a big rally.