History Says Nvidia Is Going to Disappoint Wall Street After Aug. 26
If history rhymes, once more, the face of the artificial intelligence (AI) revolution will shed $290 billion in value.
Overview
Although the bulk of earnings season is now in the rearview mirror, arguably the most consequential report is yet to come.
After the closing bell on Aug. 26, the face of the artificial intelligence (AI) revolution, Nvidia (NASDAQ: NVDA), will lift the hood on its latest quarterly operating results. As has been customary for much of the last four years, Nvidia is expected to blow past Wall Street's consensus sales and profit forecasts. But if history rhymes, once again, it won't be enough to drive the company's lofty valuation higher.
Image source: Nvidia.
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Originally published at www.fool.com.
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