Nvidia Dips Toward 50-Day Moving Average. Is the NVDA Stock Story Over Ahead of November 19 Earnings?

Core Viewpoint - Nvidia (NVDA) stock is experiencing pressure due to macroeconomic uncertainty affecting the AI sector, with a potential challenge at the $186 support level [1][2]. Group 1: Stock Performance and Market Sentiment - Despite recent declines, Nvidia shares are up more than 100% from their year-to-date low [2]. - Options contracts expiring on November 21 show a put-to-call ratio of 0.51 and an implied move of 6.55%, suggesting Nvidia stock could exceed $200 by the end of next week [4]. Group 2: Earnings Expectations - Morgan Stanley views the recent pullback in NVDA shares as a buying opportunity ahead of the Q3 earnings report on November 19, with consensus earnings expected at $1.17 per share, reflecting a 50% year-on-year increase [3][5]. - Analysts anticipate that Nvidia will report its strongest results in recent quarters, driven by improved supply constraints and strong demand for its upcoming Rubin platform [5][6]. Group 3: Analyst Recommendations and Price Targets - Morgan Stanley has raised its price target for NVDA shares, projecting a potential upside to $220 by the end of next year, indicating over 20% growth from current levels [6]. - The consensus rating for NVDA stock is a strong buy, with a mean target of $234, suggesting a potential 27% rally from current prices [8].