Nasdaq 100 futures fell Wednesday night after Nvidia — the artificial intelligence bellwether that's up more than 150% this year — posted strong quarterly results that nevertheless failed to live up to investors' lofty expectations., the AI chipmaker exceeded expectations on the top and bottom lines, and issued a rosy current-quarter sales outlook, but failed to impress traders anticipating a stronger beat.
"Death, taxes, and NVDA beats on earnings are three things you can bank on. Here's the issue, the size of the beat this time was much smaller than we've been seeing. Even future guidance was raised, but again not by the tune from previous quarters," wrote Ryan Detrick, chief market strategist at Carson Group."This is a great company that is still growing revenue at 122%, but it appears the bar was just set a tad too high this earnings season," Detrick added.
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Source: FXStreetNews - 🏆 14. / 72 Read more »