Wall Street awaits hotly anticipated Nvidia earnings. What the pros say to do next

by | Aug 18, 2023 | Financial

Market Movers rounded up the best reactions on Nvidia from investors and analysts. The experts discussed the chipmaker as it prepares to release its second-quarter financial results Wednesday. This comes after Nvidia catapulted to a $1 trillion market cap in the days following their last earnings report. Rosenblatt Securities upped its price target to $800 per share , the highest on Wall Street. Hans Mosesmann, the analyst who made the call , told CNBC Friday that ‘an AI cycle the likes never seen before will help Nvidia nearly double in value.’ The stock is currently held in Jim Cramer’s Charitable Trust portfolio.

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