Nvidia stock slips ahead of earnings release as Wall Street reiterates bullish outlook

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

Nvidia News

Earnings Report

Nvidia stock is getting more Wall Street backing ahead of the company's crucial earnings report set for next week.

) stock fell as much as 3% on Thursday as Wall Street analysts reiterated their bullish views of the chip giant ahead of itsKeyBanc's John Vinh was among the latest Wall Street analysts to outline why the company should be poised to beat lofty forecasts in its report on Aug. 28.

"We expect NVDA to report beat/raise results, in which upside will be driven by strong demand for Hopper GPUs."Nvidia's next-generation Blackwell chips were reported to be facing delays of up to three months, potentially pushing out future orders and weighing on plans from key customers like Microsoft, of the August market rebound as the stock roared back roughly from its August low, when it fell below $100.

Police in Haiti have arrested a suspect in the fatal shooting of a U.S. missionary couple and a Haitian man who headed a nonprofit in an attack by gunmen earlier this year that stunned many in the troubled Caribbean country. The May 23 killings of missionaries Davy Lloyd and his wife, Natalie Lloyd, and Jude Montis, the country’s director for Missions in Haiti Inc., a Claremore, Oklahoma organization, was blamed on gangs rampaging across Haiti's capital and beyond.

 

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 ZA

South Africa South Africa Latest News, South Africa South Africa Headlines