Rate Of Return8 hours ago
I think Nvidia might remain relatively flat post earnings. Historical data don't lie: majority of the times Nvidia report earnings, people tend to take profit regardless of how spectacular the report is. It has come to the point where Nvidia is the one of the major factors that dictate the direction of the AI and chip companies, but also expectations have risen so high for them that beating earnings "should be" a normalcy. Guidance will be another thing to watch out for most investors. Regardless of how the stock performs post earnings, I still believe Nvidia is undervalued based on the favourable forward p/e ratio. Unless a major miss would to happen, I will remain my current position before reviewing the upcoming earnings data.
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