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Goldman Sachs experts recently showed full support for chipmaker Nvidia, predicting stronger financial results due to operational leverage and data center growth. The stock price of Nvidia experienced a significant recovery in the leadup to the upcoming earnings report, erasing recent losses and showing promise for a major price rise.
Nvidia Stock Price Chart 📊
In late July and early August, Nvidia stock faced some uncertainty, but has since rebounded and is currently in the green. The upcoming earnings report on August 28 is highly anticipated, with analysts expecting Nvidia to exceed earnings forecasts and continue its growth trajectory in the next 12 months.
Experts Broadly Bullish on Nvidia Stock 🐃
Analysts, including those at Wedbush, are bullish on Nvidia’s earnings potential, with projections indicating a positive outcome for the chipmaker. Despite some risks associated with potential earnings misses, the overall sentiment towards Nvidia remains positive as the company continues to innovate in the AI space.
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