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Barchart
Barchart
Amit Singh

Is Nvidia Stock Too Cheap to Ignore Ahead of Q4 Earnings?

Nvidia NVDA

Nvidia (NVDA) will release its fourth-quarter financial results on Wednesday, Feb. 25. The chipmaker has a strong track record of revenue and earnings growth, driven by surging demand for its artificial intelligence (AI) accelerators. As hyperscalers and enterprises continue ramping up investment in AI infrastructure, Nvidia has remained a primary beneficiary of that capital expenditure cycle.

While the demand environment remains solid, NVDA stock looks cheap on valuation ahead of the earnings release, suggesting it could be a buying opportunity for long-term investors. Further, the stock’s 14-period Relative Strength Index (RSI) on the weekly chart stands at 57.4, comfortably below the 70 level typically associated with overbought conditions, suggesting the shares are not stretched and may still have room to climb in the near term.

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