$NIO Inc.(NIO)$ When the market has such a huge selloff before earnings from institutions, you know what to expect when the earnings come out. Get out while you can!
Nvidia's stock is set to gain, with rivals seen to be in perpetual catch-up mode
Nvidia's product cadence, software emphasis and full-system approach help extend the company's competitive moat, according to an analyst. The Nvidia Corp. stock rally has reignited, with the stock heading to a consecutive day of gains after a recent slide into correction territory.While analysts are a bullish bunch on Nvidia's stock in terms of their ratings - three quarters rate it the equivalent of a buy - they're behind in updating their price targets to account for Nvidia's sizable post-earnings stock gains. But at least two issued target boosts ahead of Wednesday's open, including Cantor Fitzgerald's C.J. Muse, who's now the second most upbeat analyst on the stock."We have never seen a more-torrid pace of technology innovation and subsequent reduction in cost of compute as we are seeing today - all driven by [Nvidia] and its full-system approach," Muse wrote, as he lifted his price target to $175 from $140.Nvidia shares were up 2.4% in Wednesday's premarket action after rising 6.