Investor darling Nvidia continued its artificial intelligence-fueled boom, with its earnings beating expectations last week. The company's earnings report Wednesday sent its shares over $1,000 for the first time. The stock continued to perform well during Thursday's session — finishing up more than 9% to a record high. But some analysts are worried about a potential slowdown in growth from the previous quarter, or an "air pocket" in sales toward year-end.
Nancy Tengler of Laffer Tengler Investments said she had expected to see a higher move, given the "blowout earnings." "But I think a lot of that has been priced in and now you'll see it trickle out … into other players in this space," the chief investment officer told CNBC's " Squawk Box Asia " on Thursday. Wall Street is still mostly bullish on Nvidia, with several analysts raising price targets on the stock.
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.
Source: CNBC - 🏆 12. / 72 Read more »