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Nvidia’s stock is having a very good month heading into earnings, as it has soared 25.6% to be the Dow’s best performer so far in May.
That also put it on track for the best monthly performance since it ran up 26.9%, in May 2024. If the stock closes at or above $140.06 on Thursday — 2.4% above current levels — it will be on track for the best monthly gain since it soared 36.3%, in May 2023.
Keep in mind, the stock hasn’t gained at least 2.4% the day after earnings since it rallied 9.3%, on May 23, 2024.