Nvidia Stock Pops 2% Despite Slower Growth View, Margin Drop
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Nvidia's stock increased by 2% despite a slower growth outlook and a drop in margins. The company reported a surge in revenue for the October-ending quarter.
November 21, 2024 | 2:00 pm
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Nvidia's stock rose by 2% despite a slower growth outlook and a drop in margins, driven by a surge in revenue for the October-ending quarter.
Nvidia's stock price increased by 2% as investors reacted positively to the company's reported revenue surge, despite concerns over slower growth and margin decline. This indicates that the revenue performance outweighed the negative aspects in the short term.
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IMPORTANCE 80
RELEVANCE 100