Analyst optimism fuels recovery in Nvidia shares ahead of earnings announcement

Nvidia shares rose 1.8% in pre-market trading to $181.94, recouping some of their recent losses. The rebound was driven by a new partnership in the autonomous driving sector and positive expectations for the company’s quarterly results, due on November 17.

This optimism persists despite ongoing investigations and controversy surrounding CEO Jensen Huang, including allegations of ties to a former executive at a company linked to Chinese intelligence.

The rebound comes as most analysts remain bullish on the stock, viewing the recent sell-off as having made its valuation more attractive.