Nvidia (NVDA) investors saw the stock closing -0.70% the last 5 days, which means it sits at +49.41% YTD.
Let's go through the news around Nvidia this week together.
LEGEND: Positive News | Neutral News | Negative News
Nvidia reports earnings on February 22 after market close.
Analysts are expecting EPS of $0.80 and revenue of $6.02B.
Nvidia has been part of the recent ChatGPT/AI hype cycle, and as a result has seen it's stock rise bigly in 2023. Expectations going into this earnings appear to suggest that the bottom for Nvidia has already been priced in a couple quarters ago.
Nvidia's CEO will be doing a keynote speed on March 21 at the Graphics Technology Conference (GTC).
Nvidia has made their focus for this event clear - Metaverse, Cloud, and AI - the buzzwords that hit home with investors and wall street. It's sure to be an exciting event with some new details on upcoming products and technologies Nvidia is working on and could serve as a catalyst for another stock rally.
Nvidia is teaming up with Intel to release new platforms that use Intel's Xeon W and Xeon Scalable processors in combination with Nvidia's RTX 6000 ADA GPUs to power the next generation of AI and resource intensive tasks.
This will take AI computing to the next level and help reduce processing time, increase processing power, and ultimately result in increased efficiency.
| RATING | PRICE TARGET | FIRM | |
| Outperform | $225 > $250 | Oppenheimer | |
| Outperform | $220 > $280 | Keybanc | |
| Positive | $185 > $265 | Susquehanna | |
| Sell | $195 | DZ Bank | |
| Buy | $215 > $255 | B of A Securities |
We look forward to spending a few minutes with you next Sunday for some new Nvidia news!
Disclosure: I am a Nvidia Corp. (NVDA) shareholder at the time of publishing.
