Whatever Happens on Wednesday, Nvidia Stock Will Almost Certainly Be Cheaper After Earnings
Nvidia stock keeps getting more attractive.
Overview
Nvidia (NASDAQ: NVDA) is set to report second-quarter earnings on Wednesday, and the biggest question may be why the stock's once-blockbuster growth has slowed.
Nvidia soared through the first three years of the AI boom, but more recently, its returns have been just average, as the stock is up 19% over the last year, matching the S&P 500.
Details
The chip stock's performance doesn't reflect the reacceleration in the business. It's set to report its fourth straight quarter of improving revenue growth, as analysts are expecting revenue to grow 97.2% to $92.2 billion in its second-quarter earnings report.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.