From Nasdaq: 2024-11-11 18:15:00

Investors eagerly await third-quarter earnings reports amidst election uncertainty and AI trends. Nvidia, part of the “Magnificent Seven,” is set to report on Nov. 20, with a focus on data center services and the upcoming Blackwell chip line. Recent moves away from Supermicro raise questions about financial impact on Blackwell.

Nvidia’s stock tends to experience volatility around earnings reports, with potential influence from commentary on Supermicro and Blackwell. Competition in the GPU space poses a long-term threat to Nvidia’s growth, making it a risky investment ahead of earnings. Investors should carefully consider leadership comments on Blackwell for insight into future performance.

The Motley Fool advises caution before investing $1,000 in Nvidia, as it was not among their top 10 stock picks for potential high returns. Stock Advisor provides guidance on building a successful portfolio, with historical success in outperforming the S&P 500. Past performance indicates potential future returns, but careful analysis is recommended before investing.



Read more at Nasdaq: Should You Buy Nvidia Stock Before Nov. 20? Here’s What History Suggests