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However, bond traders have managed to shrug off inflation worries in recent weeks, and Nvidia’s shares have a good chance to gain momentum ahead of the earnings release.įor a look at all of today’s economic events, check out our economic calendar. General supply shortages in the semiconductor industry have also provided support to the company’s shares this year.Īt this point, the main risk for Nvidia is presented by rising interest rates which could put pressure on tech stocks. The company’s graphic cards experienced huge demand from crypto miners at the beginning of this year, and Nvidia was even forced to reduce hash rates at some cards so that these cards can find their way to gamers. However, such valuations are often seen in high-flying tech stocks. For the full year 2021, Nvidia is expected to report earnings of $13.59 per share, while the company’s earnings are projected to grow to $15.37 per share in 2022.Īt current levels, the stock is trading at 39 forward P/E for 2022 which is not cheap.
Analysts expect that the company will report earnings of $3.27 per share. Nvidia is expected to report its quarterly results on May 26, after the market close.
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