Analyst Louis Navellier stated before the NVIDIA earnings report that despite NVIDIA's potential to dominate the market for over 20 years, its stock rating is a "C," with an estimated price of $500 by the end of this decade.
Navellier noted that NVIDIA is increasingly vertically integrating data center development, which will ensure its market dominance. However, its stock rating is "C" due to factors including lower earnings surprise and earnings momentum scores, as well as weakening institutional buying pressure, indicating a slowdown in growth rates. Furthermore, he expects NVIDIA to release its earnings report on August 26, the same day the U.S. will publish its July Personal Consumption Expenditures (PCE) report, and the Federal Reserve's Jackson Hole Symposium will open on August 27. These events could all impact the stock market this week.
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