Nvidia faces results under maximum pressure
The chip manufacturer publishes its quarterly accounts tomorrow. It approaches the key appointment with seven consecutive falls on the Stock Exchange.
Nvidia is set to release its quarterly earnings report tomorrow, with the market expecting aggressive results. The chipmaker's stock has fallen for seven consecutive days, and analysts warn that even if the company beats expectations, the reaction could be negative. According to Bloomberg, experts predict revenues of $92.3 billion, nearly double the $46.7 billion from the same period last year.
The stock closed at $208.4, a 2.91% drop, and is now 10% below its historic high. Analysts from various firms, including XTB, Bankinter, and eToro, share concerns about the market's high expectations.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
