Nvidia recently reported a staggering 122% increase in revenue to $30 billion and a 168% increase in earnings to $0.67 per share, showcasing impressive growth.
Analysts expect Nvidia to announce $33 billion in revenue for the upcoming quarter, with earnings per share estimates increasing from $0.74 to $0.81, reflecting strong market confidence.
The current stock price of Nvidia is $147, but with target prices ranging from $75 to $203, the potential for a 50% drop raises concerns within the industry.
As Nvidia serves as a proxy for the AI sector, missing earnings expectations could heighten anxiety about the entire industry amid concerns of overvaluation.
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