Investing.com Poll: Where will Nvidia stock open on Thursday after earnings?

Nvidia Corporation (NASDAQ:NVDA ) is slated to report its earnings after the market closes on August 28. Market participants are anticipating a significant stock price movement, with options suggesting a 10% fluctuation on August 29.

Ahead of the much-anticipated earnings report, Investing.com is conducting a poll on X.

The stock has seen a price range from $90 to $140 since May 23. According to a recent survey by brokerage firm Evercore ISI, 57% of investors predict that Nvidia's shares will settle between $120 and $140 at the end of the day on August 29.

27% of investors anticipate the stock to exceed $140, while 14% foresee it ranging between $90 and $120, and a mere 2% predict a dip below $90.

Despite recent timing delays with Nvidia's Blackwell product, the market has seemingly overlooked these concerns, viewing the situation as a buying opportunity. The robust demand for Nvidia's H200 and H20 products is expected to compensate for any potential shifts in Blackwell revenue from January and April to later quarters.

"We expect initial volumes in the October quarter, as the initial product is functional but with somewhat lower yields, and we still expect a volume ramp of the next revision of silicon through January - all of which is still within the broad brush strokes of guidance," Morgan Stanley analysts said in a note.

Current demand signals for Nvidia's offerings show no signs of abating. While precise projections of potential upside remain challenging, the trend is expected to persist.

Despite some initial delays with Blackwell, management is anticipated to convey that production is on track for this quarter, with a ramp-up expected towards the end of the fiscal year.

"NVIDIA remains our Top Pick, and regardless of expectations issues, the fact that headwinds (including China export controls last year, challenges in bringing up powered data centers, potential pauses in front of a clearly more capital efficient Blackwell, and now a tactical delay in new products) simply do not affect the company's strong momentum drives our thoughts.

"We are generally comfortable with high expectations and expect visibility to improve as new products ramp," analysts concluded.

Nvidia is expected to report earnings of 64 cents on revenue of $28.68 billion.

Source: Investing.com