Nvidia’s Quarterly Report: Will the $3 Trillion Giant Double Its Sales?
Nvidia (NASDAQ:) is set to release its quarterly report, and expectations are high as the company with a market cap of almost $3 trillion is expected to double its sales compared to last year. The impact of Nvidia’s report on other stocks is significant, making this event highly anticipated in the financial world.
The options market is predicting a 10% change in price post-release, which aligns with previous reports in May, February, and August. If this holds true, Nvidia’s share price could reach new all-time highs above $141, positioning it to rival Apple (NASDAQ:) for the top spot.
Positive news could propel major US equity indices to new all-time highs, while disappointment may trigger a selloff in AI-related stocks, reminiscent of the dot-com crisis of 2000. A sharp decline could lead to a deeper correction, potentially bringing the stock back to its recent lows around $90.
However, a break above historical highs could signal further upside potential, with a possible extension to $220. Investors will be closely watching Nvidia’s report for clues on the company’s future performance and its impact on the broader market.