{
  "id": 4542029,
  "title": "Tom Lee Says Nvidia Just Broke Wall Street's Most Unusual Pattern",
  "url": "https://urgent.news/2026/08/29/tom-lee-says-nvidia-just-broke-wall-streets-most-unusual-pattern",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-29T15:04:46.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/markets/stocks/articles/tom-lee-says-nvidia-just-150446652.html"
  },
  "original_language": "en",
  "account": "On August 27, Nvidia's stock surged 8.74% after delivering a record quarter. Fundstrat's Tom Lee observed that Nvidia seldom climbs after strong earnings, suggesting a healthy market. However, the rally only lasted one day before Nvidia plummeted 4.57% on Friday to $217.55. The chipmaker has consistently exceeded Wall Street expectations for years, but this time, it fell after each of its last four reports. Prior to the earnings release, Nvidia had been in a seven-day downward trend from August 14 to August 24, dropping from $225.30 to $208.48. The earnings release reversed this trend, driving the stock to $227.98 and adding approximately $440 billion in market value in a single day.\n\nThe quarter was impressive, with revenue reaching $96.2 billion, a 106% increase from the previous year. Nvidia had forecasted $108 billion for the current quarter. Lee believes the surge was due to a funding problem, as investors who owned too little Nvidia had to sell other assets to purchase the stock. Meanwhile, software stocks like Salesforce surged 22.58% on their own results, outperforming Nvidia on that day. Lee also pointed out Nvidia's price-to-earnings (PE) ratio, which stands at 27.5 times past earnings but only 18 times expected earnings. Estimates for Nvidia are growing faster than the stock itself, and the PE ratio is contracting.\n\nLee, Fundstrat's managing partner and head of research, shared these insights on CNBC. However, not everyone agrees with his assessment. Jay Goldberg of Seaport Research Partners maintains a sell rating on Nvidia, arguing that the sold-out supply constraint limits upside potential, as Nvidia cannot ship chips it has already promised. Lee also mentioned one more risk: opposition to new data centers gaining traction as an election issue, with some Republican governors advocating for a pause. Despite the initial surge, Nvidia's stock regained its losses by Friday, with about $250 billion of the gain evaporated.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}