Nvidia Stock: I See Trouble Before The Upcoming Fiscal Q2 Results Release

Summary:

  • In my view, the market’s excitement about the company’s future EPS growth is unrealistic. Read on to learn why.
  • The upcoming Q2 FY2024 quarterly report has the potential to provide a touch of reality and may lead to a correction in the stock.
  • But I like the long-term prospects. Maybe after a solid correction, I’ll reconsider my thesis once again.

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David Becker

I first wrote about Nvidia Corporation (NASDAQ:NVDA) in early April of this year, when artificial intelligence (“AI”) stocks were on the upswing, which remains the case today. NVDA seemed to me to be one of the most innovative companies


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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