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HomeBusinessNVIDIA’s Q2 Earnings Preview by Rosenblatt

NVIDIA’s Q2 Earnings Preview by Rosenblatt

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Rosenblatt raised the price target for NVIDIA (NASDAQ:NVDA) to $800 per share from the previous $600. The analysts reiterated their Buy rating on the stock, highlighting the expectation of Q2 earnings beat on Aug 23.
However, the guidance is predicted to be influenced by significant limitations on H100 Hopper platforms. The analysts indicated that demand is likely to outstrip supply by a minimum of 50% in the coming quarters. Removing these limitations, the analysts projected that Nvidia’s earnings for fiscal 2025 could substantially exceed their current estimate of $10.35, potentially reaching the high-teens.

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