NVIDIA earnings for Q2 2024 have been bringing a ton of fuss into the financial market, and this time, analysts envision a massive rise in the stock market following the announcement.
According to new reports, there might be a massive surge in the stock market following NVIDIA’s earnings announcement.
Our sources estimate a $300 billion pump into the stock market as traders around the world are gearing up in anticipation of this event that is set to take place today.
Stock Predictions on The NVIDIA Earnings Announcement
Analysts buying in on the coming NVIDIA earnings announcement have a lot of predictions regarding the impact on the stock market.
Goldman Sachs points out that if NVIDIA reports are positive, showing solid growth in Q2 2024 and possible further growth in Q3 2024, the stock market will be in for a big surprise.
Analysts predict a 9% growth or decline in NVIDIA stock market value after the Q2 2024 earnings announcement.
Another prediction is an approximate $300 billion swing in the stock market following the announcement to take place in a few hours.
An earning prediction of around 9% is one of the highest that NVIDIA has received over the past few years.
With NVIDIA shares currently valued at about $3.11 trillion, this earning prediction should pull in about $300 billion if it is accurate.
Earning $300 billion in just 4 months has to be a first of its kind for any company, showing that NVIDIA is set to make history.
Most traders are betting that NVIDIA earnings will be positive and on the bullish side, with few anticipating a bearish move after the earnings.
Well, these traders aren’t to be blamed for their predictions as NVIDIA has been on fire over the past months with a 150% year-to-date growth in the stock market.
It is only natural that the predictions and calculations of traders tend to fall to the bullish side of the market rather than the bearish side.
Currently, NVIDIA is dominating the AI chip market, with most manufacturers picking their chips without a second thought.
With little or no threat to their business at the time, NVIDIA is on a growth surge, hence leading to high volatility in their stocks.
What Does The Future Hold For NVIDIA
A few days ago, we reported on the effects that NVIDIA’s earnings announcement was having on the crypto industry.
Now we are seeing predictions of a massive $300 billion stock market surge, with the announcement closer than ever.
Once the announcement has been made, we’ll also keep our eyes on the effects the earnings announcement had on various markets to see if NVIDIA met expectations.
Over the past few months, NVIDIA has been pulling in a lot of investors as it continues to make advancements in the AI chip manufacturing industry.
This earning announcement will define the future of NVIDIA in the technology industry as well as the financial industry.
NVIDIA should expect a ton of competition from other chip manufacturers around the world. Once the competition starts to get tense, we might see a sharp shift in NVIDIA’s market value as well as performance.
