NVIDIA Falls Ahead of Earnings
Text Version:
NVIDIA Drops 1.7% Ahead of Make-or-Break Earnings
· NVDA: ~$220 (-1.7%) on Monday
· Micron (MU): dropped another 6%
The bull case:
· Morgan Stanley raised PT to $285
· Blackwell + Rubin platforms could generate $1 TRILLION in cumulative revenue by 2027
What to watch:
· Earnings: Wednesday, May 20 – after market close
· Expected move: 7.5%+
The AI trade faces its biggest test this week. All eyes on Jensen Huang.