The sell-off has been significant and I don’t think it will take much for it to rebound especially if the earnings beat analysts’ expectations. I do expect it to beat expectations given the strong demand. The main wet blanket would be if Nvidia gives a poor forecast because of the geopolitical tensions and rising competition from other chipmakers. Of course, there is always the possibility of profit takers once the Nvidia rise on its earnings report, and this will lead to the dip closer to market closing or after market hours. As long as analyst continue to be upbeat about AI and do not stoke fears of an AI bubble, Nvidia should rise easily.
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BofA Goes Bullish, H20 Sales May Lift — Is $180 a Buy?
According to Reuters, China’s demand for H200 chips has already exceeded NVIDIA’s current production capacity, and the company is evaluating an increase in H200 output.
However, NVDA still traded lower during Friday’s session.
Nvidia’s path to selling in China has been turbulent—can the resumption of China sales help boost its revenue? And can this mark the end of Nvidia’s recent decline?
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