History Says Nvidia Is Likely To Fall on Wednesday. Here's Why That's Not Bad News
Nvidia stock has fallen on its last four earnings reports.
Overview
Since 2023, Nvidia's (NASDAQ: NVDA) quarterly earnings report has become a main event for investors.
The chip stock has led the AI boom since shortly after the launch of ChatGPT, and the stock is up more than 1,100% since then.
Details
However, while Nvidia has delivered strong growth on the top and bottom lines in the AI era, more recently, the market's response to its earnings reports has been underwhelming. In fact, in the last four quarters, Nvidia stock has fallen on its earnings report, as the chart below shows.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.