Jim Cramer, host of Mad Money, announced a monumental day just hours before NVIDIA reports its fiscal second-quarter earnings after Wednesday’s close. Wall Street consensus projects approximately $92 billion in revenue and $2.09 in adjusted earnings per share for the California-based chipmaker. The stock rebounded 2.19% on Tuesday to close at $213.05, ending a seven-session losing streak, with a market capitalization hovering near $5.16 trillion. All 29 analysts tracked by TipRanks maintain a Strong Buy rating with a 12-month price target of $304.67, roughly 43% above Tuesday’s close. The earnings call at 5 PM EDT will focus on data center demand and third-quarter guidance, determining whether the recent decline signals a warning or an entry point.
Source: Read the original article
