Nvidia: Earnings Fail To Impress Again
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Nvidia Corporation reported earnings that surpassed estimates, with an 8.5% surprise in Q3 and a 5.6% surprise in Q2. However, Wall Street remains unimpressed, and the stock has been trading sideways since June 2024 due to priced-in growth and rising competition in AI chips.
December 11, 2024 | 10:30 pm
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NEUTRAL IMPACT
Nvidia's recent earnings exceeded expectations, but the stock has not reacted positively due to already priced-in growth and increasing competition in the AI chip market.
Despite Nvidia's earnings surpassing expectations, the stock has not moved significantly as the market had already anticipated this growth. Additionally, the competitive landscape in AI chips is intensifying, which may be causing investor caution.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100