Will Nvidia Hit a $200B Market Cap? Here's What Wall Street Expects from Wednesday's Earnings Report from w133 caps Watch Video
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⏲ Duration: 0:35 👁 View: 675K times ✓ Published: 22-May-2024
Description: Nvidia is set to report earnings on Wednesday, and options markets are pricing an 8.7% move in the stock price by Friday, which would translate to a $200 billion swing in the company's market cap. Nvidia's massive gains this year have made it the third largest company by market cap on Wall Street, behind only Microsoft and Apple. Wall Street is betting on Nvidia's strong quarterly report, which shows continued growth in its artificial intelligence business. Analysts expect Nvidia to report revenue of over $24 billion, up sharply from a year ago.