Nvidia Plunges In Thursday's Premarket: What's Behind Stock's Incessant Sell-Off?
Portfolio Pulse from Shanthi Rexaline
Nvidia's stock is experiencing a sell-off due to macroeconomic concerns and fears about its ability to maintain strong financial performance. Despite positive earnings and revenue growth, the stock has been affected by global market volatility, recession fears, and a DOJ subpoena rumor. Analysts still recommend buying the stock on weakness.
September 05, 2024 | 1:01 pm
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Nvidia's stock is under pressure due to macroeconomic concerns, despite strong earnings. The DOJ subpoena rumor and recession fears add to the sell-off. Analysts recommend buying on weakness.
Nvidia's stock is facing a sell-off due to macroeconomic concerns, including recession fears and a DOJ subpoena rumor. Despite strong earnings and revenue growth, these factors have led to a decrease in stock price. Analysts still see potential and recommend buying on weakness, but short-term pressure is likely.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100