Nvidia Corporation (NASDAQ:) is scheduled to report its earnings after the market close on Aug. 28. Market participants expect significant volatility in the stock price, with options suggesting a 10% fluctuation on Aug. 29.
Ahead of the much-anticipated earnings report, Investing.com is conducting a survey on X.
The stock price has fluctuated between $90 and $140 since May 23. According to a recent survey by brokerage firm Evercore ISI, 57% of investors expect Nvidia shares to stabilize between $120 and $140 by the end of the day on August 29.
27% of investors expect the stock price to exceed $140, while 14% expect it to remain between $90 and $120, and just 2% expect it to fall below $90.
Despite recent timing delays with Nvidia's Blackwell product, the market has overlooked these concerns, and viewed the situation as a buying opportunity. Strong demand for Nvidia's H200 and H20 products is expected to offset any potential changes in Blackwell revenue from January and April to subsequent quarters.
“We expect initial volumes to peak in the October quarter, as initial product is functional but with somewhat lower yields, and we still expect volume growth by January with the next revision of silicon — which is still within the broad range of guidance,” Morgan Stanley analysts said in a note.
The current demand signals for Nvidia's offerings show no signs of slowing down. While accurately predicting the potential surge remains challenging, this trend is expected to continue.
Despite some initial delays with Blackwell, management is expected to send the message that production is headed in the right direction this quarter, and is expected to increase by the end of the fiscal year.
“NVIDIA remains our top pick, and despite expectations issues, the fact that headwinds (China’s export controls last year, challenges in bringing powered data centers into operation, potential headwinds facing the clearly more capital efficient Blackwell, and now strategic delays in new products) have not impacted the company’s strong momentum continues to drive our views.”
“We are comfortable with generally high expectations and expect visibility to improve as new products are introduced,” the analysts concluded.
Nvidia is expected to report earnings of 64 cents on revenue of $28.68 billion.