Nvidia Earnings Anticipation Shakes Wall Street Amid AI Stock Slump
TL;DR Summary
Nvidia is set to release its earnings report, with Wall Street analysts largely bullish on the stock. Of the 23 analysts tracked, 22 have a "buy" rating, and the consensus price target is $170, a 17% premium over the current price. Analysts expect Nvidia's third-quarter revenue to grow 84% year-over-year, driven by record data center sales. Despite a slight dip in share price, Nvidia's stock has nearly tripled in value this year.
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