Market Insight: AI Star Nvidia Loses Its Luster
On Wednesday, the chip company will publish its quarterly figures. There are some questions. For a long time, investor mistrust has not been as great, says Michael Maisch.
Nvidia is set to release its quarterly earnings report on Wednesday after the US market close. Analysts from Morningstar expect the chipmaker to beat expectations and raise its forecasts due to the ongoing AI investment boom. They predict Nvidia's revenue to have doubled to $92 billion in the past quarter, outpacing its competitors. Morningstar considers Nvidia's stock to be undervalued. The company's shares fell 3% on Monday and 5% last week, marking its longest losing streak since 2022.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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