Insider's Guide: Nvidia Stock Q1 Earnings Preview

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The Commentators discuss the upcoming Nvidia earnings report and the significance of the event for investors. They note that Nvidia is expected to report 2% to 4% revenue growth and 42% earnings growth, and express confidence that the company will deliver another strong quarter. They also mention that Nvidia's stock is currently trading below its 5-year PE average, suggesting that it may be underappreciated. They acknowledge that the cyclicality of the semiconductor industry may eventually assert itself, but believe that this will not happen until the back half of this year or 2025.

The Commentators express excitement about the potential for a "beaten raise" and stock pop in the after hours following the earnings report, but also caution that the stock may trail off at the end of the week. They note that Nvidia is a significant weight in the S&P 500, and that the company's impact on the technology sector and the economy as a whole is significant due to its role in artificial intelligence.

The Commentators expresses that while the bar for Nvidia's earnings is high due to the stock's significant growth over the past year, the company has consistently surpassed expectations in the past. Nvidia is currently the third-best performer in the S&P 500, with only SMIC and Vista Corp outperforming it.