Nvidia Stock Falls. Don't Bank on an Earnings Surprise This Time.

Nvidia shares were dropping Tuesday. The market looks like it’s taking a cautious approach ahead of the chip maker’s earnings upcoming report.Nvidia shares closed down 0.1% at $726.13 on Friday, ahead of the Presidents Day holiday. The company will report its January-quarter earnings after the market close on Wednesday.

“We believe overall market expectations have risen significantly as consensus earnings are now approaching our forecasts. Hence, we see limited room for further earnings upside in 2024 relative to the sales and earnings surprise that we saw in 2023,” wrote Lee in a research note on Monday.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US Earnings Preview: What to Expect from NVIDIA ResultsFor NVIDIA to sustain its lofty share price, it's imperative that the company's results meet Wall Street's expectations.
Source: DailyFX - 🏆 305. / 63 Read more »

​​How Nvidia’s Investment Arm Is Supercharging A New Class Of AI StartupsI'm a Forbes technology reporter and senior writer based in San Francisco. Send me tips at rnievaforbes.com or richardnievaprotonmail.com.
Source: ForbesTech - 🏆 318. / 59 Read more »

Nvidia rally is fueling FOMO in the overall market, Evercore's Julian Emanuel warnsEvercore ISI's Julian Emanuel finds clients are more worried about being underinvested than overexposed right now.
Source: CNBC - 🏆 12. / 72 Read more »