Wall Street analysts are forecasting sales of $16.2 billion and a profit of $7.2 billion. Wall Street is projecting revenue to reach $22 billion a quarter by the fall of 2025. Some of the most popular trades in recent sessions have been calls pegged to Nvidia shares jumping to $500 or $505, according to Cboe Global Markets data. In May, Nvidia shares jumped 24% after it reported earnings that easily topped expectations and gave a sales forecast that was far higher than Wall Street had figured. Nvidia has accounted for 14% of the S&P 500’s total return through Wednesday, according to S&P Dow Jones Indices.

Source: Wall Street Journal November 20, 2023 10:56 UTC