Following a beat-and-raise earnings report for its fiscal second quarter last week, artificial intelligence behemoth Nvidia (NVDA) continues to tease a fresh breakout. And as it holds support above its 10-week moving average, Nvidia stock has also secured a spot on the Investor's Business Daily Leaderboard and the Stock Spotlight screen.
More than a dozen Wall Street ***** ysts raised their price targets on Nvidia after its bullish report. Now as a new week in the stock market kicks off, shares of the AI giant take aim at a new buy point in an early stage cup with handle, putting certain technical clues in focus.
In its latest report, Nvidia posted another quarter of stellar growth. Revenue rose 85% to $81.6 billion. Earnings spiked 130% to $1.87 per share. For the full fiscal year, ***** ysts forecast 89% sales growth to $407.27 billion and a 94% earnings increase to $9.27 a share.
Wall Street expects similarly stellar numbers for the next fiscal year as well. ***** yst estimates call for a 67% jump in sales growth to $681.18 billion and a 67% spike in earnings to $15.52 a share.
That bullish outlook has Nvidia stock flashing promising technical clues.
#fiscal
More than a dozen Wall Street ***** ysts raised their price targets on Nvidia after its bullish report. Now as a new week in the stock market kicks off, shares of the AI giant take aim at a new buy point in an early stage cup with handle, putting certain technical clues in focus.
In its latest report, Nvidia posted another quarter of stellar growth. Revenue rose 85% to $81.6 billion. Earnings spiked 130% to $1.87 per share. For the full fiscal year, ***** ysts forecast 89% sales growth to $407.27 billion and a 94% earnings increase to $9.27 a share.
Wall Street expects similarly stellar numbers for the next fiscal year as well. ***** yst estimates call for a 67% jump in sales growth to $681.18 billion and a 67% spike in earnings to $15.52 a share.
That bullish outlook has Nvidia stock flashing promising technical clues.
#fiscal
2 hours ago
