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Investor expectations for Nvidia’s upcoming earnings report are sky-high.
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JPMorgan said Nvidia’s stock price could negatively react to a blowout earnings report.
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“The bigger the beat,” the more the market will “think that supply is getting better,” JPMorgan said.
All eyes will be on Nvidia after the market close today as the company releases its fourth-quarter earnings report, and investor expectations are sky-high.
And even if Nvidia exceeds investor expectations when it reports results and guidance, the stock could see a negative reaction, a Wednesday note from JPMorgan’s trading desk said.
“If Jensen’s GPU behemoth is able to report great numbers, and by ‘great’ I mean 4Q DC revs north of $20 billion with implied acceleration for Q1 DC,” JPMorgan said, referring to data-center revenues, “stock might be fine but it will also beg the question as to whether or not…
