Prediction: Nvidia Stock Will Soar After Aug. 28 Because of These 3 Key Factors
Nvidia's (NASDAQ: NVDA) steep sell-off has nearly run its course. The stock plunged 23.5% at one point, causing considerable angst for some investors. However, Nvidia has been on a roll in August, jumping almost 25%.
This momentum will end anytime soon, in my view. Instead, I predict that Nvidia stock will soar after Aug. 28. And I think the surge will be due to three key factors.
In Nvidia's fiscal 2025 first quarter, the company said it expected Q2 revenue of "$28.0 billion, plus or minus 2%." Wall Street analysts surveyed by LSEG believe Nvidia sandbagged a little. Their average Q2 revenue estimate is $28.6 billion.
Source Fool.com
