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Benzinga
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Nvidia's Upcoming Q3 Earnings Report Draws Intense Interest In Direxion's NVDU, NVDD ETFs

1. NVDA's Q3 earnings report arrives next week, forecasts EPS at $1.22. 2. Stock currently trades just below $200; market cap is $4.69 trillion. 3. Rising interest in generative AI could benefit Nvidia significantly. 4. Recent institutional selling raises concerns about investor confidence. 5. NVDU ETF shows strong performance, while NVDD declines significantly this year.

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FAQ

Why Bullish?

Strong earnings expectations may provide an optimistic outlook despite recent volatility.

How important is it?

Upcoming earnings report could significantly alter market perceptions of NVDA's value.

Why Short Term?

Earnings report will have immediate influence on NVDA valuation; market sentiment will react swiftly.

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