Jason Snipe, principal at Odyssey Capital Advisors, said Nvidia’s upcoming quarterly earnings report could show “marginal improvement.” The chip maker is scheduled to report its fiscal first-quarter results after the close on Wednesday. Nvidia stock has more than doubled in 2023, but there could be more upside ahead, Snipe said. “It’s not a cheap stock, but let’s be honest, Nvidia hasn’t been cheap for a long time,” he said Tuesday. Snipe said he expects Nvidia’s revenue to grow slightly, about 2%. In the fiscal fourth quarter, the chip giant reported earnings of 88 cents a share on revenue of $6.05 billion, beating Wall Street expectations, according to Refinitiv data. Snipe added that the AI boom will continue to drive Nvidia’s growth. “Obviously, they’re benefiting from the shift in AI and the anger and excitement around AI, and I think that’s going to continue to benefit the stock,” he said. Nvidia unveiled a slew of new products at its GTC conference in March, and Snipe added that he expects “some positive returns here.” While the options imply a 6% to 7% upside or downside for the stock going forward, Snipe said he thinks Nvidia is a good bet either way. “I expect if it doesn’t come down, I think you should add here,” he said. “Even though it’s showing up a lot in the print, I do think it has continued upside.”