Skip to content

CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Nvidia’s post-earnings stock trends ahead of the Q3 2024 earnings report

Nvidia will release its Q3 2024 earnings report on 21 November. This article explores Nvidia's past post-earnings stock trends and key insights for investors.

Nvidia Source: Bloomberg images

(AI summary)

Ready, set, render: Nvidia’s stock volatility

Nvidia Corporation is a global leader in graphics processing technology, specialising in graphics processing unites (GPUs) used across gaming, data centres, and artificial intelligence (AI). Expanding beyond gaming, Nvidia’s innovations now power advancements in AI, autonomous vehicles, and cloud computing. As a key player in the tech industry, Nvidia’s financial performance and share price movements are closely monitored by investors worldwide.

Nvidia is set to release its third quarter (Q3) 2024 earnings report on Thursday, 21 November at 8.20am AEDT. The company's share price has shown varied reactions following its earnings announcements.

Key financials

Expectations for Q3

  • Revenue: $32.5 billion
  • Revenue growth: 81.1% year-on-year (YoY)
  • Earnings per share (EPS): $0.70

Comparison to previous quarter

  • Revenue: $30.04 billion
  • Revenue growth: 22% YoY
  • Net income: $16.6 billion
  • Diluted EPS: $0.67

Post earnings performance analysis

  • Immediate reactions (one day)

Nvidia’s stock generally sees minimal immediate response post-earnings. For example, in Q3 2023, it barely moved on the first day, reflecting a cautious initial market response.

  • Short-term adjustments (one week)

The one-week trend often shows more movement. Fourth quarter (Q4) 2022 and first quarter (Q1) 2023 saw gains as investor optimism grew, while Q3 2023 saw a slight decline, indicating caution or profit-taking.

  • Medium-term trends (one month)

One-month trends tend to be more volatile. In Q1 2023, Nvidia’s stock surged nearly 50%, suggesting strong investor confidence. Conversely, second quarter (Q2) 2023 saw a modest decline, likely due to broader market conditions.

  • Overall patterns

Nvidia’s post-earnings movements are influenced by both its financial performance and broader economic factors. Strong earnings often lead to gains, while challenging conditions can temper reactions.

  • Implications for investors

Short-term traders may focus on immediate and weekly shifts, while long-term investors should consider one-month trends for sustained sentiment. Nvidia’s exposure to AI, gaming, and data centres makes its stock sensitive to both earnings and macroeconomic trends.

Nvidia's post-earnings performance chart

Nvidia's post-earnings performance chart Data source: Bloomberg Image source: ClaudeAI
Nvidia's post-earnings performance chart Data source: Bloomberg Image source: ClaudeAI

This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

Explore the markets with our free course

Learn how shares work – and discover the wide range of markets you can trade on – with IG Academy's free ’introducing the financial markets’ course.

Put learning into action

Try out what you’ve learned in this shares strategy article risk-free in your demo account.

Ready to trade shares?

Put the lessons in this article to use in a live account – upgrading is quick and easy.

  • Trade over 16,000 popular global stocks
  • Protect your capital with risk management tools
  • React to breaking news with out-of-hours trading on 70 key US stocks

Inspired to trade?

Put your new knowledge into practice. Log in to your account now.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Friday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.