Nvidia Stock Loses The Value Of McDonald's, Disney, Coinbase Combined Since Q2 Earnings: AI Darling's Decline Continues Tuesday
Portfolio Pulse from Chris Katje
Nvidia's stock has seen a significant decline since its Q2 earnings report, losing $413.1 billion in market capitalization, more than the combined value of McDonald's, Disney, and Coinbase. Despite beating earnings and revenue estimates, the stock fell due to concerns over slowing growth rates and margins. Analysts have mixed views, with some seeing the dip as a buying opportunity. Nvidia's stock is still up 126% year-to-date.
September 03, 2024 | 8:01 pm
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NEGATIVE IMPACT
Nvidia's stock dropped 13.4% after Q2 earnings, losing $413.1 billion in market cap. Despite beating estimates, concerns over growth and margins led to the decline. Analysts have mixed views, with some seeing a buying opportunity.
Nvidia's significant market cap loss post-earnings, despite beating estimates, indicates investor concerns over slowing growth and margins. The stock's decline reflects these concerns, impacting short-term price negatively.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
Nvidia's market cap loss of $413.1 billion is more than Coinbase's entire market value of $42.4 billion, emphasizing the extent of Nvidia's decline.
Coinbase is mentioned as a comparison to emphasize the extent of Nvidia's market cap loss. This does not directly impact Coinbase's stock.
CONFIDENCE 100
IMPORTANCE 10
RELEVANCE 10
NEUTRAL IMPACT
Nvidia's market cap loss of $413.1 billion is more than Disney's entire market value of $162.1 billion, underscoring the magnitude of Nvidia's decline.
Disney is mentioned as a comparison to illustrate the magnitude of Nvidia's market cap loss. This does not directly impact Disney's stock.
CONFIDENCE 100
IMPORTANCE 10
RELEVANCE 10
NEUTRAL IMPACT
Nvidia's market cap loss of $413.1 billion is more than McDonald's entire market value of $204.5 billion, highlighting the scale of Nvidia's decline.
McDonald's is mentioned as a comparison to highlight the scale of Nvidia's market cap loss. This does not directly impact McDonald's stock.
CONFIDENCE 100
IMPORTANCE 10
RELEVANCE 10