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Why Nvidia Stock Glowed Brighter Today

TheMotleyFool

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Why Nvidia Stock Glowed Brighter TodayPhoto, wide shot, wide-angle lens, Telecom equipment supplier, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/ad10ed87-71d0-4096-a50b-ba9470f8264b.png

Shares of Nvidia (NASDAQ: NVDA), the semiconductor giant, climbed higher in Monday trading -- up 3.7% as of 11:30 a.m. ET -- as investors began looking forward to the potential of a positive earnings surprise when Nvidia reports Wednesday evening.

Analysts predict that Q4 earnings, when they come out, will see Nvidia reap the rewards of a 48% year-over-year increase in sales and a 58% increase in profits, and a positive earnings report from archrival AMD earlier this month is reinforcing that view.

Image source: Getty Images.

Source Fool.com

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