Stock to Buy, 1 Stock to Sell This Week: Nvidia, Lowe’s
Nvidia's robust performance in the burgeoning AI space and strong guidance position it as a clear buy, while Lowe's struggles with near-term profitability and market headwinds suggest that its stock may be best avoided for now. The company's undisputed leadership in artificial intelligence semiconductors is poised to deliver another blockbuster earnings report, driven by a sizable swing in NVDA shares expected following the print. Nvidia stands out as a compelling buy this week, with analyst sentiment overwhelmingly bullish and 33 upward earnings revisions in the past 90 days.
- The market's expectation of a significant price swing in Nvidia's shares on earnings day could be influenced by the broader sentiment around AI adoption and its potential impact on the company's revenue growth.
- How will the increased competition from other AI chip manufacturers, such as Google and AMD, affect Nvidia's market share and pricing power in the coming quarters?