HAPPY $NVIDIA(NVDA.US) NVIDIA EARNINGS DAY.
Street is expecting $78.9B in Revenue and $1.74 of EPS. Nvidia is up +18% this year and +35% from the March lows.Jensen has consistently said that “you can’t hold the stock back,” because of where the world is going when it comes to token generation. Once again, the entire world will be waiting for what Nvidia can prove and based on the earnings for every other semiconductor company, you’d imagine they raise the guide AGAIN and accelerate growth AGAIN which would continue to reinforce how strong the broader AI story is.But, $VanEck Semiconductor ETF(SMH.US) is also up 50% this year and semis have had a massive run, so the real question will not be if Nvidia crushes but how much market cap the market will continue to bake into the premium.ALL EYES ON JENSEN TONIGHT.Source: amit
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