Nvidia Corporation is expected to release its latest earnings report on Wednesday, sending shockwaves through the stock market. Despite breaking above resistance at $140, the share price has dipped back to $142.25. Analysts are cautiously optimistic about the company’s performance, particularly with regards to its innovative “Blackwell Chip” technology.
Wall Street is bracing itself for another earnings surprise from Nvidia, which has seen steady revenue growth over the past two years. This raises hopes that the tech sector will continue to soar despite potential cooling in earnings results. Investors are eagerly awaiting the company’s results and may be surprised by an unexpected performance.
Source: https://seekingalpha.com/article/4738757-nvidia-earnings-expect-the-unexpected-technical-analysis