NVIDIA (Nvidia Corp.) plans to announce its financial report after the U.S. stock market on August 27, and the stock price is moving smoothly on the eve of the financial report. Analysts believe that this financial report will confirm that the nine-game competition in the AI industry will just come to the second half of the second game.
According to reports from Seeking Alpha and Barchart.com, Wedbush published a research report on the 25th, pointing out that when NVIDIA announced its financial report, the technology community and Huaer Street will listen carefully to what executive officer Jensen Huang said. According to the agency's local survey in Asia, the supply ratio of NVIDIA flagship chips to demand is 1:10.Wedbush predicts that NVIDIA's financial report results will be another positive catalyst for technology stocks. Investors will use this to confirm that AI's nine-game competitions are only in the second half of the second game.
The current consensus among Huaer Street analysts is that NVIDIA will earn US$46 billion in the second quarter of the year (May-July) and its earnings per share will reach US$1.01.
Ameriprise market strategy manager Anthony Saglimbene told CNBC that he predicted that NVIDIA's financial statements should be good, and that everything is related to execution.
NVIDIA rose 1.08% on the 26th and closed at US$181.77, reaching a new closing high since August 18. NVIDIA's crystalline foundry partner Taiwan Electric ADR simultaneously rose 1.33%, and closed at US$238.72.
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