Congressman Buys Nvidia Stock Day Before Earnings, Here's How Much He's Made
Portfolio Pulse from Chris Katje
U.S. Representative Michael Guest disclosed buying $1,000 to $15,000 worth of Nvidia Corporation (NASDAQ:NVDA) shares the day before Nvidia reported Q4 earnings, which beat estimates. Nvidia's revenue was up 265% year-over-year, and its shares have increased over 275% in the last year. Guest's investment has gained between 31.8% to 37.3% in less than a month.
March 13, 2024 | 9:37 pm
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POSITIVE IMPACT
Rep. Michael Guest's timely investment in Nvidia before Q4 earnings report has highlighted the stock's significant gain, with Nvidia's revenue up 265% YOY and shares increasing over 275% in the last year.
The news directly involves Nvidia Corporation (NVDA) and showcases the company's strong financial performance and stock price increase. Given the significant year-over-year revenue growth and the stock's performance, this news is likely to positively impact investor sentiment and NVDA's stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100