NVDA stock is set for more losses as the chart looks bearish. The semiconductor builder fell over 9 on Friday in a market sell-off. The analyst anticipates the quarter’s sales will better both his and the consensus estimates of low double-digit sequential growth. Nvidia stock closes nearly 3 lower on Monday. In fact, Mosesmann expects “strength across the board,” with a particularly robust showing from Nvidia’s two main revenue drivers, Gaming and Data Center. “This points to a much more benign Crypto cycle this go-around, we believe.” (See NVDA stock analysis on TipRanks) To find good ideas for tech stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks. “Although crypto continues to be an area of concern for investors (crypto mining contributed $155 million in revenue in the April quarter and CMP revenues are expected to be $400 million in the July quarter), we believe the company has had success in mitigating RTX GPUs in crypto mining by limiting performance in such workloads,” the 5-star analyst said. loginHomeres:en-US:mobile/menu:SecureDataShareTitleMake a PurchasePlan. However, ahead of the chip giant’s July quarter results this evening, Rosneblatt analyst Hans Mosesmann thinks these worries are overblown. DetailsAddress ChangeSell Your SharesBanking DetailsAccount CreatedManage. After a bearish period, the crypto market is on the up again, but the segment’s volatility remains an issue for those mindful of its impact on Nvidia ( NVDA).
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