Reasons to Avoid Nvidia Stock Ahead of Next Month’s Earnings Report

Avatar photo

Nvidia Earnings Report Scheduled for May 20

Nvidia (NASDAQ: NVDA) will report its fiscal first-quarter earnings on May 20. The company has projected revenue of approximately $78 billion for the quarter, which is a sequential increase from the previous quarter’s revenue of $68.1 billion, reflecting a year-over-year growth of 73%. Data center revenue also saw a significant increase, climbing 75% to $62.3 billion.

Competitive Landscape Intensifying

The free Daily Market Overview 250k traders and investors are reading

Read Now