Nvidia Earnings
NVDA reports earnings tomorrow in what is likely the most anticipated earnings report of the quarter.
Nvidia has been on a tear this year, rising to become the 4th largest company in the world by market cap.
These earnings will significantly move the market, so it is important to be aware of the numbers we are watching.
Note the predicted range for earnings in the chart below.
Numbers to Watch
Here are the expectations for earnings to watch:
Revenues: $20.4B
EPS: $4.59 (700% increase YoY)
You also want to keep an eye on their guidance. Any cut to guidance can trigger a sell off.
You have to remember that traders have made a ton of money on the stock this year, so any sign of negative news or challenges (ex. China) can lead to selling to lock in profits.
How to Trade NVDA Earnings
Regardless of what happens with earnings, there will be opportunities to profit.
However you need to be fast. You can have an edge by understanding what is good news and bad news, and capitalizing on it by taking either a long or short position very quickly.
We will definitely be trading this earnings in the Alpha Chasers Discord community so be sure to tune in.
I talk about Nvidia earnings and what to look out for here:
Namaste!