Carter Braxton Worth, founder of Worth Charting LLC, has expressed a bullish outlook for NVIDIA Corporation (NVDA) ahead of its upcoming earnings report. Worth, a well-known technical analyst, advised investors to consider a long-term strategy for the stock, particularly around the earnings period, during a recent appearance on CNBC’s “Fast Money.” He highlighted that technical indicators suggest a sustained upward trajectory for the company.
Worth’s positive assessment comes at a critical juncture for NVIDIA. The company’s earnings report for the second quarter of fiscal 2025 is highly anticipated, with analysts projecting earnings of $0.64 per share and revenue of $28.68 billion for the quarter. A strong performance could potentially propel NVIDIA’s shares, which have already witnessed a significant 160% increase year-to-date, to new highs.
While acknowledging the possibility of short-term setbacks, analyst Gene Munster believes that NVIDIA’s sustained growth is likely to continue, driven by the ongoing demand-supply imbalance in the market. He cautioned that potential delays in the Blackwell project could negatively impact investor sentiment.
Jim Cramer, host of CNBC’s “Mad Money,” also expressed a positive view for NVIDIA, suggesting that the market anticipates a “$2 billion upside surprise in the reported quarter and a lift of $2 billion for the current quarter” from the AI chipmaker. Cramer emphasized that despite recent market volatility, NVIDIA’s fundamental strengths remain intact.
Worth’s bullish perspective adds another layer to the ongoing discussions surrounding NVIDIA’s performance, offering investors valuable insights into the potential future trajectory of the stock. The upcoming earnings report is expected to provide further clarity on the company’s financial performance and growth prospects.
