Where Will Nvidia Stock Open Thursday After Earnings? Via Investing.com

Nvidia Corporation (NASDAQ: ) is scheduled to report earnings after the market closes on August 28th. Market participants are anticipating a significant move in the share price, with options suggesting a 10% swing on August 29.

Ahead of the highly anticipated earnings report, Investing.com is conducting a survey on X.

The stock has seen a price range of $90 to $140 since May 23. According to a recent survey by brokerage firm Evercore ISI, 57% of investors expect Nvidia stock to settle between $120 and $140 at the end of the day on August 29.

27% of investors anticipate the stock to exceed $140, while 14% predict it will range between $90 and $120, and only 2% predict a drop below $90.

Despite the recent delays with Nvidia’s Blackwell product, the market has overlooked these concerns, seeing the situation as a buying opportunity. Robust demand for Nvidia’s H200 and H20 products is expected to offset any potential changes in Blackwell’s revenue from January and April to later quarters.

“We expect initial volumes in the October quarter as the initial product is functional but at somewhat lower yields and we still expect an uptick in volume next silicon revision to January – all of which is still within broad guidance. ,” Morgan Stanley analysts said in a note.

Current demand signals for Nvidia’s offerings show no sign of abating. While precise projections of growth potential remain challenging, the trend is expected to continue.

Despite some initial delays with Blackwell, management is expected to report that production is on track for this quarter, with an acceleration expected towards the end of the fiscal year.

“NVIDIA remains our top pick, and regardless of expectations issues, the fact that headwinds (including Chinese export controls last year, challenges in creating powered data centers, potential breaks in the face of a clearly more efficient Blackwell of capital and now a tactical delay.in new products) simply does not affect the company’s strong momentum drives our thoughts.

“Overall, we are comfortable with high expectations and expect visibility to improve as new products ramp up,” the analysts concluded.

Nvidia is expected to report earnings of 64 cents on revenue of $28.68 billion.