Nvidia's AI Dominance Drives Optimism for Q4 Earnings, Despite Friday's Sell-off. Analysts Predict 70%+ Revenue Growth.

About Nvidia's AI Dominance Drives Optimism for Q4 Earnings, Despite Friday's Sell-off. Analysts Predict 70%+ Revenue Growth.

Nvidia is poised to reveal its highly awaited earnings report soon, and analysts are abuzz with predictions of an impressive year-over-year revenue surge of over 70% in the fourth quarter. Investor optimism is being fueled by substantial AI infrastructure investments from major tech firms, propelling Nvidia's stock up by 12% in February, despite a flat performance over the year. Trendline support is noted at $130, with resistance above $150. However, a recent market downturn saw the stock dip over 4.1%.