Nvidia Hits New Highs Ahead Of Q4 Earnings: ETFs In Focus
Zacks Investment Research | Feb 11, 2020 11:10PM ET
Graphics chipmaker Nvidia (NASDAQ:NVDA) has been on an uptrend ahead of fourth-quarter fiscal 2020 earnings scheduled on Feb 13, backed by optimism of Wall Street analysts. The stock hit new 52-week high and is up more than 13% so far this month, easily outperforming the industry average growth of 6%.
This is especially true as number of analysts, including Oppenheimer, Deutsche Bank (DE:DBKGn), RBC have raised the price target on the stock, stating that the chipmaker is expected to return to growth after more than a year of quarterly revenue decline. Strong demand in gaming and data center will fuel growth (read: Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.