Skip to content

Traders Are Betting Nvidia Will Smash Earnings Expectations. They’re Probably Right

Earnings season continues, with great anticipation continuing to hover around a few remaining companies yet to release their numbers. Perhaps the most notable (and important) upcoming earnings report will come courtesy of Nvidia (NASDAQ:NVDA), which reports its earnings after market close on Wednesday, November 20.

This earnings report will undoubtedly shed light on the AI chip maker’s performance and progress in dominating this high-growth (and high-margin) market. Most analysts and market participants certainly expect another beat-and-raise quarter, and I’m in this camp as well.

Here’s where Wall Street analysts are pegging Nvidia’s incoming earnings at, and where I think the stock could be headed following these results.

This post originally appeared at 24/7 Wall St.