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Personal areaNvidia is reporting its Q1 earnings on May 26 Midnight/May 27 00:00 GMT +3
EPS forecast: $2.62
Most observers expect a strong report from Nvidia. The company already disclosed a preliminary estimation of April performance which is said to be upbeat. That is due to a particularly strong videogame industry position
On May 21, Nvidia announced a 4-for-1 stock split. Upon the announcement, the stock price rose some 5%. Currently, it trades under $645 – the all-time high which is likely to get beaten if investors like the earnings data. In this case, the zone above $650 may be the likely target.
However, the upward channel market in the image is very strong: it has been valid for more than half a year by now, and will likely stay so – even if the stock breaks through the upside on a positive earnings report.
