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What to Look for When Nvidia (NVDA) Reports Q2 Results

NEW YORK (TheStreet) -- Shares of Nvidia (NVDA) were increasing in late-afternoon trading on Tuesday as the Santa Clara, CA-based technology company is slated to report 2017 second-quarter earnings and revenue after Thursday's closing bell.

Wall Street is looking for earnings of 37 cents per share and revenues of $1.35 billion, which is in-line with Nvidia's second quarter revenue forecast.

In the 2016 second quarter, Nvidia reported earnings of 5 cents per share on revenue of $1.15 billion.

Additionally, Roth Capital increased its price target to $68 from $40 on the stock this morning, citing growth...