New Earnings Expected for Nvidia

Piper Sandler raised the current target price for Nvidia stock to $225, 

up from approximately $180 per share.

Piper Sandler also stated that Nvidia is expected to

 generate higher-than-expected earnings in July, 

potentially reaching more than $45 billion.

The company is also expected to see strong earnings in the October quarter,

 due to several important reasons, most notably a reduction in tariffs on revenue

 by up to 15% due to the resumption of AI shipments to China. 

This will boost China sales and increase the company's earnings to more than $6 billion.

Technical Outlook for the Stock

Nvidia stock is trading around 181.

The stock is also moving in a strong uptrend.

However, we are expected to see some corrections in the stock.

Due to the emergence of weak buying signals at the moment.

The corrections may reach support levels near 170.

And may even reach 165.

Therefore, please be cautious about buying at this time.