"Nvidia needs to deliver exceptional results on its upcoming earnings call to justify its towering $3 trillion valuation," said Lukman Otunuga, emphasizing the stakes involved.
"A strong earnings report could drive markets to new highs, while any sign of weakness might trigger a notable pullback, making Nvidia's performance a potential market mover this week," noted Otunuga, highlighting the impact of the earnings call.
"Nvidia is expected to hit $28.7 billion in revenue for the second quarter of fiscal year 2025, reflecting a 112.6% increase from last year," emphasizing its significant growth trajectory.
Analysts predict Nvidia will post earnings per share of $0.65 compared to $0.27 last year, showcasing substantial improvement and potential future growth.
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