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Timothy Arcuri, an analyst at UBS, has called trading conditions for Nvidia (NVDA) stock “favorable” for investors as the company heads into its fiscal Q4 earnings report on Feb. 25. The analyst believes numerous factors are looking positive for the stock, including supply chain issues and a not-so-impressive stock performance.
Arcuri expects $76 billion in revenue from the chipmaker in the recently concluded quarter. While analysts have questioned the company’s expected 75% gross margins, Arcuri suggests there is nothing to worry about on that front. To find out whether Nvidia is a “Buy” before the earnings come out, let’s look at the company’s current valuation and earnings expectations.