Why Nvidia (NVDA) is set for a pullback before earnings

One of the most anticipated events in the stock market is the upcoming Q2 2024 earnings report by the semiconductor giant Nvidia (NASDAQ: NVDA).Besides outlining how the company has performed mostly regarding its bet on artificial intelligence (AI), attention will be on how the share price will react.Notably, NVDA is experiencing bullish momentum, trading at $124 at the closing of markets on August 16. This value reflects a 24-hour gain of over 1%, while the equity is up 16% on the weekly timeframe. NVDA on ...