'Don't Expect Another Rally on May 22,' Says Piper Sandler About Nvidia Stock - TipRanks.com

As Nvidia prepares to release its Q1 fiscal results on May 22, Piper Sandler analyst Harsh Kumar predicts another strong performance, driven by robust demand for Nvidia's data center products, including Hopper and Blackwell GPUs. Despite potential revenue exceeding expectations by up to $2 billion, Kumar warns that such success is now normalized by the market, and unlikely to significantly boost Nvidia's stock price. He maintains an "Overweight" rating on Nvidia, projecting an 11% stock increase in the coming months, aligning with a broader bullish consensus among analysts.