Pre-Market Most Active for Nov 21, 2024 : NVDA, MSTR, VEEA, SMCI, SMST, TSLL, SNOW, NIO, PLTR, KMI, T, IONQ
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 21 2024
0mins
Should l Buy NVDA?
Source: NASDAQ.COM
NASDAQ 100 Pre-Market Performance: The NASDAQ 100 is up 112.38 points to 20,779.48 with a total pre-market volume of 292,789,454 shares traded, highlighting active stocks like NVIDIA and MicroStrategy showing significant gains.
Stock Highlights: Notable movements include NVIDIA (+2.16), MicroStrategy (+66.87), and Snowflake (+31.54), while NIO and Palantir show slight declines, indicating varied investor sentiment across different sectors.
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Analyst Views on NVDA
Wall Street analysts forecast NVDA stock price to rise
41 Analyst Rating
39 Buy
1 Hold
1 Sell
Strong Buy
Current: 186.940
Low
200.00
Averages
264.97
High
352.00
Current: 186.940
Low
200.00
Averages
264.97
High
352.00
About NVDA
NVIDIA Corporation is a full-stack computing infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. The Company’s segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing platforms and artificial intelligence (AI) solutions and software; networking; automotive platforms and autonomous and electric vehicle solutions; Jetson for robotics and other embedded platforms, and DGX Cloud computing services. The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems, and Omniverse Enterprise software for building and operating industrial AI and digital twin applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Nvidia's Earnings Report to Signal Market Direction
- Market Concentration Analysis: RBC Wealth Management's Rob Sluymer highlights that the concentration of mega-cap tech stocks has significantly increased over the past few years, leading to investors being overweight in these stocks, which have now declined about 7% year-to-date.
- Nvidia Earnings Preview: Nvidia is set to report its fourth-quarter earnings on February 25, and Sluymer believes this will serve as a crucial market indicator; if the results fall short of expectations, it could trigger a larger correction in tech stocks.
- Investor Sentiment Shift: As attention on tech stocks rises, Sluymer notes that some funds are rotating out of these high-valuation stocks into other sectors, a typical behavior in times of high market concentration.
- Future Market Outlook: Should Nvidia's earnings report disappoint, it may lead to a decline in market confidence in tech stocks, potentially resulting in a broader market correction that could impact overall investment strategies.
See More
Nvidia Poised for Strong GPU Sales in China Again
- Massive Market Opportunity: Nvidia has negotiated a deal with the U.S. government to resume GPU sales to China, with CEO Jensen Huang estimating the Chinese market could generate up to $50 billion annually, significantly boosting the company's performance.
- Sales Recovery Expectations: Before the ban, Nvidia projected $8 billion in sales from China for Q2 FY 2025; if sales return to similar levels, GPU sales could exceed $30 billion, presenting substantial growth potential.
- Revenue Growth Forecast: Wall Street anticipates Nvidia's revenue will reach $326 billion for FY 2027, but given the surge in AI computing spending, actual revenue could hit $350 billion, further enhancing market confidence.
- Strong Profitability: If Nvidia achieves $350 billion in revenue while maintaining a 56% profit margin, it could generate $196 billion in profits, and with a reasonable 40x earnings valuation, the stock price could rise to $322, indicating a compelling investment opportunity.
See More
Nvidia Stock Price Potential Analysis
- Stock Performance: Nvidia's stock has been a standout performer over the past three years, with a $1,000 investment now worth nearly $8,601, reflecting its dominance in the AI chip market, although its flat price performance over the last six months lags behind the 39% rise in the semiconductor index.
- Earnings Growth Potential: Nvidia is expected to report earnings of $4.69 per share for fiscal 2026, representing a nearly 57% year-over-year increase, indicating strong earnings growth potential, especially with the upcoming launch of its next-generation Vera Rubin processors.
- Margin Improvement: Despite facing margin pressure in the first half of fiscal 2026 due to Blackwell processor production, management anticipates maintaining gross margins in the mid-70% range for fiscal 2027, suggesting opportunities for cost structure improvements that could enhance future earnings growth.
- Market Expectations: Analysts project a 65% increase in earnings for fiscal 2027, followed by a 28% rise in the subsequent year, and with a significant backlog of orders, this indicates that Nvidia still has room for further upside, making a stock price near $300 a realistic target.
See More
Analysts Recommend Buying NVIDIA Stock Before Q4 Earnings with Strong Confidence
NVIDIA Stock Outlook: Analysts suggest that NVIDIA is a strong buy ahead of its Q4 2025 earnings release, with potential stock price increases projected from $180 to over $360, and possibly as high as $520 over time.
Market Sentiment and Trends: The sentiment among analysts is bullish, with a 96% buy rating bias and a consensus price target indicating a 45% upside, driven by strong anticipated Q4 results and the upcoming GTC developer conference.
Institutional Accumulation: Institutional investors are aggressively accumulating NVIDIA stock, owning about 65% of shares, which provides a solid support base and limits downside risks while indicating a bullish market trend.
Future Projections: NVIDIA's stock is expected to trade within its range until the upcoming catalyst emerges, with projections suggesting a potential doubling of stock price by 2035, aligning with broader market averages and growth expectations.
See More
Sandisk's Stock Soars 1500%: Key Drivers and Future Outlook
- Independent Listing Performance: Sandisk's stock has skyrocketed over 1500% since its spin-off from Western Digital, reflecting strong market confidence in its growth potential, particularly amid surging demand for AI infrastructure.
- Market Demand Analysis: As data and AI workloads rapidly expand, the demand for high-bandwidth memory and storage solutions has surged, positioning Sandisk as a key supplier of NAND flash and solid-state drives, likely enhancing its market share further.
- Optimistic Earnings Outlook: Analysts project Sandisk's earnings per share to reach $39.45 in 2026 and $76.34 in 2027, and despite its stock price nearing $600, it trades at a modest forward P/E ratio of 15, indicating attractive valuation that may draw more investors.
- Future Growth Potential: Should Sandisk's valuation align with other AI chip leaders, its stock could reasonably exceed $1,000 by year-end; while calling it the
See More
2026 Tech Stock Rotation and Investment Opportunities
- Tech Stock Rotation: The rotation out of technology stocks in 2026 has garnered attention, and despite market volatility, investors are presented with opportunities to acquire high-quality stocks at attractive valuations, potentially capitalizing on future gains.
- Long-Term Investment Confidence: Analysts express optimism about eight stocks that have experienced fluctuations, believing they still possess the ability to generate profits for shareholders in the long run, reflecting a strong market confidence.
- Amazon's Investment Potential: Among the stocks discussed, Amazon (NASDAQ:AMZN) is highlighted as a favorite investment choice, as its long-term growth prospects continue to attract investor interest despite facing challenges.
- Video Content Promotion: The video, published on January 10, 2026, aims to engage viewers to subscribe to the channel and learn more about investment opportunities, while also providing a special offer link to enhance viewer participation.
See More
Nvidia's Earnings Report to Signal Market Direction
- Market Concentration Analysis: RBC Wealth Management's Rob Sluymer highlights that the concentration of mega-cap tech stocks has significantly increased over the past few years, leading to investors being overweight in these stocks, which have now declined about 7% year-to-date.
- Nvidia Earnings Preview: Nvidia is set to report its fourth-quarter earnings on February 25, and Sluymer believes this will serve as a crucial market indicator; if the results fall short of expectations, it could trigger a larger correction in tech stocks.
- Investor Sentiment Shift: As attention on tech stocks rises, Sluymer notes that some funds are rotating out of these high-valuation stocks into other sectors, a typical behavior in times of high market concentration.
- Future Market Outlook: Should Nvidia's earnings report disappoint, it may lead to a decline in market confidence in tech stocks, potentially resulting in a broader market correction that could impact overall investment strategies.
See More
Nvidia Poised for Strong GPU Sales in China Again
- Massive Market Opportunity: Nvidia has negotiated a deal with the U.S. government to resume GPU sales to China, with CEO Jensen Huang estimating the Chinese market could generate up to $50 billion annually, significantly boosting the company's performance.
- Sales Recovery Expectations: Before the ban, Nvidia projected $8 billion in sales from China for Q2 FY 2025; if sales return to similar levels, GPU sales could exceed $30 billion, presenting substantial growth potential.
- Revenue Growth Forecast: Wall Street anticipates Nvidia's revenue will reach $326 billion for FY 2027, but given the surge in AI computing spending, actual revenue could hit $350 billion, further enhancing market confidence.
- Strong Profitability: If Nvidia achieves $350 billion in revenue while maintaining a 56% profit margin, it could generate $196 billion in profits, and with a reasonable 40x earnings valuation, the stock price could rise to $322, indicating a compelling investment opportunity.
See More
Nvidia Stock Price Potential Analysis
- Stock Performance: Nvidia's stock has been a standout performer over the past three years, with a $1,000 investment now worth nearly $8,601, reflecting its dominance in the AI chip market, although its flat price performance over the last six months lags behind the 39% rise in the semiconductor index.
- Earnings Growth Potential: Nvidia is expected to report earnings of $4.69 per share for fiscal 2026, representing a nearly 57% year-over-year increase, indicating strong earnings growth potential, especially with the upcoming launch of its next-generation Vera Rubin processors.
- Margin Improvement: Despite facing margin pressure in the first half of fiscal 2026 due to Blackwell processor production, management anticipates maintaining gross margins in the mid-70% range for fiscal 2027, suggesting opportunities for cost structure improvements that could enhance future earnings growth.
- Market Expectations: Analysts project a 65% increase in earnings for fiscal 2027, followed by a 28% rise in the subsequent year, and with a significant backlog of orders, this indicates that Nvidia still has room for further upside, making a stock price near $300 a realistic target.
See More
Analysts Recommend Buying NVIDIA Stock Before Q4 Earnings with Strong Confidence
NVIDIA Stock Outlook: Analysts suggest that NVIDIA is a strong buy ahead of its Q4 2025 earnings release, with potential stock price increases projected from $180 to over $360, and possibly as high as $520 over time.
Market Sentiment and Trends: The sentiment among analysts is bullish, with a 96% buy rating bias and a consensus price target indicating a 45% upside, driven by strong anticipated Q4 results and the upcoming GTC developer conference.
Institutional Accumulation: Institutional investors are aggressively accumulating NVIDIA stock, owning about 65% of shares, which provides a solid support base and limits downside risks while indicating a bullish market trend.
Future Projections: NVIDIA's stock is expected to trade within its range until the upcoming catalyst emerges, with projections suggesting a potential doubling of stock price by 2035, aligning with broader market averages and growth expectations.
See More
Sandisk's Stock Soars 1500%: Key Drivers and Future Outlook
- Independent Listing Performance: Sandisk's stock has skyrocketed over 1500% since its spin-off from Western Digital, reflecting strong market confidence in its growth potential, particularly amid surging demand for AI infrastructure.
- Market Demand Analysis: As data and AI workloads rapidly expand, the demand for high-bandwidth memory and storage solutions has surged, positioning Sandisk as a key supplier of NAND flash and solid-state drives, likely enhancing its market share further.
- Optimistic Earnings Outlook: Analysts project Sandisk's earnings per share to reach $39.45 in 2026 and $76.34 in 2027, and despite its stock price nearing $600, it trades at a modest forward P/E ratio of 15, indicating attractive valuation that may draw more investors.
- Future Growth Potential: Should Sandisk's valuation align with other AI chip leaders, its stock could reasonably exceed $1,000 by year-end; while calling it the
See More
2026 Tech Stock Rotation and Investment Opportunities
- Tech Stock Rotation: The rotation out of technology stocks in 2026 has garnered attention, and despite market volatility, investors are presented with opportunities to acquire high-quality stocks at attractive valuations, potentially capitalizing on future gains.
- Long-Term Investment Confidence: Analysts express optimism about eight stocks that have experienced fluctuations, believing they still possess the ability to generate profits for shareholders in the long run, reflecting a strong market confidence.
- Amazon's Investment Potential: Among the stocks discussed, Amazon (NASDAQ:AMZN) is highlighted as a favorite investment choice, as its long-term growth prospects continue to attract investor interest despite facing challenges.
- Video Content Promotion: The video, published on January 10, 2026, aims to engage viewers to subscribe to the channel and learn more about investment opportunities, while also providing a special offer link to enhance viewer participation.
See More
