Traders are eagerly awaiting the first-quarter earnings of Nvidia, which will release results on Wednesday. In a positive sign, major investment banking firms have increased their price target for Nvidia stock. In a note on Monday, Barclays increased its target from US$850 to US$1,100. Wall Street is also optimistic: On Monday, Nvidia rose 2.49% to close at US$947.80.
Vivian Chang
Analyst
We could see quarterly revenue reach a new high of US$26 billion. Gross margin could soar from 72% to 77%. Before the report’s release, I think we’ll see considerable fluctuation. It’s important to watch the market for signs that it’s already digested the good news.
In a Bloomberg interview released Monday, Nvidia CEO Jensen Huang was asked if Taiwan factored into his decision-making. Huang replied that Taiwan was the center of the world’s technology supply chain, and that he needed Taiwan to do his job.
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Негізгі бет Nvidia stock soars 2.49% ahead of Q1 earnings report|Taiwan News
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