NVDA Stock Forecast: Is NVIDIA Stock A Strong Buy for AI Investors?
NVDA stock forecast stays bullish for 2024 and suggests that if it will give a good Q4 earning report then investors may see new higher levels. It showed a robust momentum of approximately 40% from mid-November and created excitement for the investors.
Nvidia, the top producer of graphics processing units (GPUs), is preparing to announce its Q4 earnings report, and analysts and investors are keen to see if the company can sustain its remarkable growth streak. It has been on a roll, surpassing market forecasts and boosting its stock price by 30% since mid-November. But will the chipmaker keep up its impressive pace with its forthcoming Q424 earnings report? This is the question that is stirring up the market.
Analysts expect Nvidia’s revenue to reach $20.2 billion, aligning with the company’s guidance and representing a massive 234% year-over-year growth. Moreover, Gross margins are expected to remain robust at 75.5%, translating to an adjusted EPS of $4.16, a staggering 628% increase YoY.
There are some crucial factors that investors and analysts should monitor closely. One of them is how the company is navigating the US restrictions on chip exports, which could affect its financial performance. Another factor is the performance of its data center segment, which is a key driver of its growth and innovation.
Investors and analysts should look for updates on the total addressable market (TAM), the partnerships with cloud providers and enterprise customers, the chip developments and launches, and the status of the H200 platform, which is designed for large-scale AI and high-performance computing workloads.
The third factor is the guidance for the first quarter of 2025, which could influence the market sentiment and the stock price. Optimistic guidance could boost the confidence of the bulls and fuel the stock rally, while cautious guidance could trigger a sell-off and a correction.
NVDA Stock Forecast: Technical Analysis of the Nividia Stock
Source: Tradingview
NVDA stock outlook is very positive for the short term and the long term. The price pattern of the chart has become bullish and buyers have more strength than sellers.
As long as the NVDA stock price stays above the 50-day EMA, the bulls will keep their control. Any small pullback toward the EMA will likely rebound.
The price is near the crucial resistance and sellers are trying to give rejection. But buyers are more active so the probability of them reaching new levels remains high.
Conclusion
NVDA stock forecast favors the bulls and indicates that NVDA crypto will perform well in the future. Nvidia’s Q4 earnings report is highly anticipated, with analysts and investors eagerly waiting to see if the company can maintain its remarkable growth trajectory. While expectations are optimistic, key factors like export limitations, data center performance, and future guidance will be crucial in determining the outcome. Ultimately, Nvidia’s long-term success will depend on its ability to innovate, navigate challenges, and adapt to the evolving market landscape.
Disclaimer
It’s important to note that the views and opinions presented in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading stocks carries inherent risks, and readers should conduct their research before making any financial decisions.
