Nvidia Q2 Earnings Preview: A Market Direction Decider

Summary:

  • Nvidia Corporation is heading into its upcoming Q2 report with one of the highest expectations I have seen in recent times.
  • Should Nvidia meet the expectations, it would show an impressive EPS growth of 300% and revenue growth of 65%.
  • I believe the stock is priced for beyond perfection that even great numbers may not be enough.
  • I believe in the long-term potential of Nvidia, but please consider hedging your bets.

Nvidia research location. Nvidia is a graphics processing unit (<a href='https://seekingalpha.com/symbol/GPU' title='GEORGIA PWR CO SER W'>GPU</a>) designer.

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Nvidia Corporation (NASDAQ:NVDA) is expected to report results for its FY 2024 Q2 that ended July 30th, 2023, post-market on Wednesday, August 23rd. Analysts expect NVIDIA to report a Non-GAAP EPS of $2.07 on revenue of $11.06 billion. Should Nvidia meet these


Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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