Nvidia is preparing to publish its earnings report on November 20. High expectations are already reflected in the stock price, making this report crucial for supporting the momentum of growth.
Recently, the company projected a general profit margin of 72.72% and an operating margin of 54.12%, which indicates high effectiveness of its operations in high-demand markets.
Nvidia's shares are trading close to their historical maximum of $145.26, reflecting investor enthusiasm for the company's position in the artificial intelligence market. Nvidia's profitability reinforces its high valuation.
Nevertheless, the company's shares are considered one of the best indicators in 2024. Since the beginning of the year, they have soared by an impressive 193%, maintaining leadership in the fields of artificial intelligence and equipment for data processing centers.
