The earnings season wave has crested, and most of the big names in tech have shared their quarterly figures with bullish results. There remains one big date circled on nearly everyone’s calendar, however: Nvidia Corporation (NASDAQ:NVDA), which reports its fiscal Q1 2027 results on May 20th.
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Forget margin or options. Here's how the pros trade NVDAExpectations are always high for the largest publicly traded company in the world, and the recent reports from the hyperscalers have done nothing to tamp down the excitement. It’s not just the revenues and profits these firms are delivering, but the AI-inspired nature of much of the growth (and resounding commitment to spend money hand over fist to continue the buildout).
Nvidia has previously guided for revenue of $78 billion ±2% for Q1, and the company has a tendency to overshoot even its own bullish guidance. While that doesn’t necessarily correlate to immediate gains following its earnings reports, the overall upward trend for NVDA is beyond debate.
NVDA is up 75% during the past twelve months and its 3-year gains are more than 650%. Should investors load up on the eve of its next earnings call?
Top investor Adam Spatacco thinks the answer is quick and simple.
“History and valuation reinforce the case for action over hesitation,” states the 5-star investor, who is among the top 3% of stock pros covered by TipRanks.
Spatacco notes that while the immediate reactions to Nvidia’s earnings tend to be modest, the long-term trend is one of decisive growth. Looking backward, he cites average quarterly returns in the double digits, while NVDA’s one-year performance is no stranger to 100% plus gains during the bullish times.
In that sense, while the earnings reports themselves don’t provide the spark for a bull run, they serve “as confirmation of Nvidia’s dominance in the AI realm,” adds Spatacco.
In other words, the long-term, secular trend driven by the AI buying spree presents reason enough to remain bullish on NVDA.
That leaves Spatacco with the conclusion that there’s no time like the present.
“Buying more Nvidia stock during pre-earnings dips will likely pay off through the multi-quarter compounding that generally follows strong results and guidance,” he states. (To watch Spatacco’s track record, click here)
Wall Street is firmly on board with this approach. With 40 Buys, 1 Hold, and 1 Sell, NVDA storms to a Strong Buy consensus rating. Its 12-month average price target of $274.38 points to an upside of ~28%. (See NVDA stock forecast)
Disclaimer: The opinions expressed in this article are solely those of the featured investor. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.