Nvidia’s (NVDA) earnings report could lead to two directions for its stock price. Huge gains or huge losses. That may sound utterly absurd and obvious, but it’s what the investing world’s favorite stock is up against as it trades on a more than $3 trillion market cap. EMJ Capital founder Eric Jackson said on the Opening Bid podcast Nvidia’s earnings report could be a “seismic moment” for investors. “I’m saying like it [Nvidia’s value] could double again between now and the end of the year,” Jackson said. But in order for Nvidia’s stock price to surge on earnings as Jackon thinks, CEO Jensen Huang will have to temper concerns on two fronts. First, he must signal that reported delays for his new Blackwell AI chip are just temporary. And two, demand for AI chips remains as strong as ever before. If he can do all of that, Nvidia may be on a path to a $4 trillion market cap.
For more expert insight and the latest market action, click here to watch more Opening Bid.