Nvidia stock retreats from record high ahead of crucial first quarter earnings report

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 38 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 63%

Nvidia News

Quarter Earnings Report,Earnings Per Share

Nvidia will report its fiscal Q1 earnings after the bell on Wednesday in a crucial report for both the AI trade and broader stock market.

) stock retreated from a record high on Wednesday ahead of its first quarter earnings report set for release after the bell. The report is expected to be one of the most consequential for investors this year, as Nvidia has been at the center of the AI boom driving markets over the last 18 months.

Nvidia stock has been on a tear over the last year, rising over 200% and closing at a record high on Tuesday. The stock has risen nearly 700% since the stock market lows in October 2022. Shares were off around 0.4% in early trade on Tuesday. The fear is that customers will put some of their orders for Hopper chips on hold while they wait for Nvidia to roll out its more powerful Blackwell products. On Tuesday, AmazonLoop Capital’s Ananda Baruah argued it's possible Nvidia won't let companies put their Hopper orders on hold without losing their place in line to purchase Blackwell chips. If enough customers put their orders on hold in favor of Blackwell chips, Nvidia could see a temporary dip in quarter-over-quarter sales.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in NG

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.

Stocks, Nvidia earnings on Wednesday, retailers: 3 ThingsAfter last week's historic record highs, markets (^DJI, ^IXIC, ^GSPC) are patiently waiting on the minutes from the most recent Federal Reserve meeting. Chip...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: US futures slip as wait for Nvidia earnings nears its endStocks face two big tests in Nvidia's pivotal earnings report and minutes from the Federal Reserve's last meeting.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Nasdaq, S&P pop to records as Wall Street waits for Nvidia earningsInvestors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stocks steady as investors await Nvidia earningsInvestors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Nasdaq slips after record as investors await Nvidia earningsInvestors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: US stocks hold near record highs with Nvidia front of mindInvestors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »