Jim Cramer Says Nvidia Was Never Understood By 'Sunshine Soldiers And Summer Patriots' — There's No Pleasing All
Portfolio Pulse from Benzinga Neuro
Jim Cramer commented on Nvidia's recent stock price drop despite strong Q2 earnings, attributing it to misunderstandings by some investors. Nvidia's revenue more than doubled, and it announced a $50 billion stock repurchase. The company remains optimistic about future growth.
August 29, 2024 | 12:25 am
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Nvidia's Q2 earnings exceeded expectations with revenue doubling, but shares fell due to gross margin contraction and market volatility. The company announced a $50 billion stock repurchase and remains optimistic about future growth.
Despite Nvidia's strong Q2 earnings and a positive revenue forecast, the stock fell due to gross margin contraction and market volatility. However, the $50 billion stock repurchase and optimism for future growth suggest a positive outlook.
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IMPORTANCE 90
RELEVANCE 100