![]() But many experts still remain bullish on NVDA stock, predicting a turnaround in the months ahead. Early in the month, in a preliminary release, the company announced weaker-than-expected revenue for the quarter.įollowing that news, Nvidia already has a dark shadow over it as it prepares to report earnings. The combination of bearish sentiment toward tech stocks combined with macroeconomic headwinds has made for a difficult industry landscape. While shares are up more than 5% for the month, they are still down more than 26% for the past six. But as broad market forces intersected with supply chain constraints, NVDA stock embarked on a downward trajectory and it hasn’t stopped. The Silicon-valley semiconductor designer provided a shot to fame amid the metaverse boom of 2021-early 2022. This list includes Zoom (NASDAQ: ZM) and Snowflake (NYSE: SNOW) but many eyes are already on Nvidia (NASDAQ: NVDA), which reports on Aug. Systematic retrieval of data or other content from, whether to create or compile, post to other websites, directly or indirectly, as text, video or audio, a collection, compilation, database or directory, is prohibited absent our express prior written consent.Many prominent tech stocks will report earnings this week. Any other use, including for any commercial purposes, is strictly prohibited without our express prior written consent. ![]() ![]() ![]() You may use and the contents contained in solely for your own individual non-commercial and informational purposes only. Liable for your own investment decisions and agree to the Users should not base their investment decision upon. is a research service that provides financial data and technical analysis of publicly traded stocks.Īll users should speak with their financial advisor before buying or selling any securities. ![]()
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