WHY IS NVDA STOCK FALLING PLUS

Man Who Called Black Monday: “Prepare Now. The firm downgraded the stock from outperform to neutral and gave it a significant price target cut, from 360 to 225. Stock Prodigy Who Found NIO at $2… Says Buy THIS Now NVDA stock was hit by a downgrade from RW Baird on Monday. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. MTTR Stock Alert: What Is Going on With Matterport Right Now.WMT Stock News: Did Walmart Raise Its Dividend? Why Is It Buying Back Shares?.What’s Going on With Fastly? Why Is FSLY Stock Dropping Today?.You can get up to speed on all of this news by checking out the following links! More Stock Market News for Thursday Luckily, we’ve got all the latest stock news traders need to know for Thursday! A few examples include why Fastly (NYSE: FSLY) stock is falling, details from Walmart (NYSE: WMT) today, as well as what has Matterport ( NASDAQ: MTTR) stock moving. There’s more stock market news for investors to jump into below! NVDA stock is down 6.5% as of Thursday morning. For comparison, the company’s daily average trading volume is closer to 52 million shares.As of this writing, more than 45 million shares have been traded.

It’s also worth noting that NVDA stock is seeing a decent amount of trading today.

And with some bullish catalysts for the chip industry, NVDA stock still might.

That would explain why shares are decreasing in value today despite the positive earnings report. The stock declined only 14 in the quarter, as compared to the average 20-plus losses in the two preceding quarters.

Even with the report beating analysts’ estimates, holders of the company’s stock might have been expecting more from the company.

It looks like investors in NVDA stock just aren’t overly impressed by the earnings report.

So why is NVDA stock dropping today despite these strong results?.

That’s looking good next to Wall Street’s estimate of $7.29 billion for the quarter.ħ Housing Stocks To Sell if You Think the Boom Is Going To Bust.

WHY IS NVDA STOCK FALLING PLUS

Among that is revenue guidance of $8.10 billion with a plus or minus of 2%.

In addition to that, NVDA reported strong estimates for fiscal Q1 2023.Yet again, that’s another positive as it surpasses analysts’ estimate of $7.43 billion.Also, the company brought in revenue of $7.64 billion during the period.This beat out Wall Street’s estimate of $1.22 per share.That includes adjusted earnings per share of $1.32.Strangely enough, NVDA stock is slipping despite strong earnings in the most recent quarter.Let’s dive into why Nvidia stock is down today below!

Why is nvda stock falling