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Million

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<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>NVDA stock rallied 207.51% YTD and 161.11% in a year.&nbsp;</a> </li> 
 <li> <span>2</span> <a>Nvidia Corp. will release earnings at 5 pm GMT.&nbsp;</a> </li> 
</ul> 
<p>Nvidia Corp. (NASDAQ: NVDA) stock rallied 207.51% YTD; it became synonymous with the AI boom, and August 23rd earnings are crucial. Wall Street experts hope for a larger-than-usual swing of around 11% in NVDA share price after the chipmaker’s quarterly earnings report.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-nvidia-corp-nvda-stock-can-it-push-ai-buzz-ahead-strong"><strong>Nvidia Corp. (NVDA) Stock – Can it Push AI Buzz Ahead?</strong></h2> 
<p>Considerable swings usually follow earnings; in the case of NVDA stock, investors hope to rally post earnings. Still, the price fell 2.77% in the previous session, stooping from its all-time high of $481.87. Experts are betting that Nvidia’s revenue will again surpass the estimations.&nbsp;</p> 
<p>Analysts believe the chipmaker would be a forerunner in the generative AI marathon. Nvidia could report a growth of 110% in its revenue during earnings. During the previous earnings, the revenue gained nearly 50%, pushing the market cap above $1 Trillion.&nbsp;</p> 
<p>The artificial Intelligence industry relies heavily on chipmakers like <a href="https://www.thecoinrepublic.com/2023/08/15/nvidia-stock-price-prediction-will-nvda-stock-hit-the-500-mark/" rel="noopener noreferrer nofollow">Nvidia Corp (NASDAQ: NVDA)</a>. This is one of the main reasons for the market to be excited about its earnings which will be released at 5:00 pm GMT. Meanwhile, NVDA stock fell 2.49% a week and 0.26% a month but rallied 207.51% YTD and 161.11% in a year.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-nvidia-corp-nasdaq-nvda-technical-analysis-strong"><strong>Nvidia Corp. (NASDAQ: NVDA) – Technical Analysis</strong></h2> 
<p>NVDA stock, at press time, is trading at $456.68, falling 2.77%; previous close and open were at $469.67 and $481.35, respectively. The 52-week range is from $108.13 to $481.87, hinting that positive earnings could push the price across $500.00. With a volume of 74.94 Million shares, the market cap is $1.128 Trillion.&nbsp;</p> 
<p>The trailing twelve-month (TTM) price-to-earnings (P/E) ratio is 236.62, suggesting a highly valued stock price. At the same time, the (TTM) earnings per share (EPS) is $1.93, showcasing a slight financial weakness. Analysts placed a price target at $458.82 with a 0.5% upside and provided a 2.84 rating for moderate buy.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/YmaAgerEag10yVoYAD8SDBwsulD8Y2vG305HKXMordplDO83mHr1l97UT3Qn272sTVe7KFraP_2hVc_BqXGj0mKdx69BK5xt-XxDGG_VbHUUvk4HexilJ1qLhfRzCLMANP0VUmNuOMTGn3cKun5jaDc" alt="Can Nvidia (NVDA) Stock Cross $500 After August 23 Earnings?"> 
  <figcaption class="wp-element-caption"> <strong>Analysts Chart; NASDAQ: NVDA; MarketBeat</strong> 
  </figcaption> 
 </figure> 
</div> 
<p>Nvidia reported Q1 earnings on May 24, 2023, where the reported revenue of $7.192 Billion surpassed the expected value of $6.532 Billion by 10.10%. The reported earnings of $1.09 per share also beat the estimated value of $0.924 per share by 18.02%. These positive earnings caused the NVDA share price to jump around 39%.&nbsp;</p> 
<p>The revenue gained 13.22% compared to the previous quarter, while EPS fell by 19.85%. The subsequent earnings will be released on August 23 2023, where the revenue is supposed to be $11.186 Billion, and EPS shall be $2.082 per share. If the price jump is similar to last time, NVDA stock can rally hard.&nbsp;</p> 
<p>The TTM revenue is $25.88 Billion, and the year-over-year (YoY) quarterly revenue growth falls by 13.20%. The stock price will gain significantly with a profit margin of 18.52% and an operating margin of 17.37%.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-nvidia-corp-nvda-stock-can-it-cross-ath-strong"><strong>Nvidia Corp. (NVDA) Stock – Can it Cross ATH?</strong></h2> 
<p>Nvidia stock is rallying hard in 2023 and the current price is close to its all-time high (ATH). The recent drop is a speculative move before earnings. This fall should stay above the immediate support at $408.79, as it coincides with the 50EMA.&nbsp;&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/7RJQ20BNHLd9zyjQ3_zznIZqU_5ZrjERJtRehiLyziWn1R5cjfsXpkTj4IzkG-rSbzdPidUH9vjo8ryF6YMTERmXKGpDkGDasZr7MOYOMoF4lB8TMQapn3Ms6lsnacRCe5aUMmfu0N-mCSyfrr4Ync0" alt="Can Nvidia (NVDA) Stock Cross $500 After August 23 Earnings?"> 
  <figcaption class="wp-element-caption"> <strong>Candle Chart; NASDAQ: NVDA; </strong><a href="https://www.tradingview.com/chart/Z6vc2GHY/?symbol=NASDAQ%3ANVDA" rel="noopener noreferrer nofollow"><strong>TradingView</strong></a> 
  </figcaption> 
 </figure> 
</div> 
<p>Generally, the price action tends to follow upward or downward momentum. In this case, the NVDA stock price is trading upward, and experts think it will continue to do so after earnings. But to cross the $500 barrier, the next candle should be strong, or earnings should be exceedingly favorable.&nbsp;&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Disclaimer:</strong></h4> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets and stocks comes with a risk of financial loss.</p>

Can Nvidia (NVDA) Stock Cross $500 After August 23 Earnings?

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