Computer graphics card maker Nvidia (NASDAQ: NVDA) is set to announce its last-quarter financial results on Wednesday, May 25, after the markets close. The company is expected to post quarterly earnings of $1.3 per share and revenues are expected to be $8.12 billion.
Nvidia shares have lost 40% year-to-date and the stock extended losses on Tuesday currently trading at roughly $162. The $NVDA stock is currently supported at $150, and the resistance is around $210. The stock has been under pressure over the past few months. $NVDA has a 52-week low of $151.76 and a 52-week high of $346.47.
Check out the Nvidia stock short-term forecast and earnings preview here - https://gulfbrokers.com/en/nvidia-stock-forecast-and-earnings-preview