Here's how Nvidia has traded each of the last 16 quarters
Nvidia faces a critical earnings report following a significant rise in its stock price. Historical trends show that shares have declined after recent earnings reports, raising concerns among investors. Analysts suggest that a substantial guidance beat is necessary for the stock to see a significant surge.
- ▪Nvidia's stock has increased by 34% since March, adding a trillion dollars to its market cap.
- ▪Shares have historically slid after the last three earnings reports, including a 5.5% drop in February.
- ▪Analysts believe a 50% guidance beat is required for the stock to surge significantly.
Opening excerpt (first ~120 words) tap to expand
It's arguably a higher-pressure earnings for Jensen Huang's AI behemoth following a 34% run off the stock's March lows and an additional trillion dollars of market cap. Adding to the drama is recent history, as shares slid after the past three reports, including a 5.5% dive in February."They would have to just blow the doors completely off, like 50% guidance beat, for the stock to surge," Scott Bauer, CEO of Prosper Trading Academy, said in a phone call. "Given the history of phenomenal metrics and a stock that pops right away and then sells off, I want to sell some premium and lean a little short."
Excerpt limited to ~120 words for fair-use compliance. The full article is at CNBC — Investing.
Discussion
0 commentsMore from CNBC — Investing
