This Is Not Why NVIDIA Corporation Stock Dropped After Earnings
After graphics specialist NVIDIA (NASDAQ: NVDA) reported strong financial results, shares of the company shed almost 7%. In a recent column, I attributed this drop to extremely high investor expectations rather than to any fault in the company's financial performance. Indeed, NVIDIA delivered quarterly results and issued forward guidance that exceeded published analyst estimates.
Investors, probably anticipating that NVIDIA would beat such estimates, may simply have had unrealistic expectations.
Image source: NVIDIA.
Source: Fool.com
NVIDIA Corp. Stock
€114.06
-1.620%
Our community is currently high on NVIDIA Corp. with 233 Buy predictions and 13 Sell predictions.
With a target price of 130 € there is a slightly positive potential of 13.98% for NVIDIA Corp. compared to the current price of 114.06 €.
