Redburn Atlantic analyst Timm Schulze-Melander initiated coverage of the stock this week with a "buy" rating. The analyst set the price target at $178, implying upside of 21% over the current share price of $147 at the time of writing.

Around the time of its earnings reports, investors can see that Nvidia's share price tends to experience a bit more volatility and momentum. In my eyes, Nvidia's commentary around Supermicro and Blackwell could influence the stock price pretty dramatically one way or another.

The company has regularly impressed the market with earnings ahead of expectations but it might struggle to do so this time.