US Nvidia earnings miss expectations?… Shares fall 3% forward of announcement.

Supply time2024-08-29 00:57

(San Francisco = Yonhap Information) Correspondent Taejong Kim = Synthetic intelligence (AI) chips chief Nvidia’s inventory worth is falling 3% forward of its earnings announcement on the twenty eighth (native time).

At 11:35 a.m. Jap US time (8:35 a.m. Western), Nvidia’s inventory worth was buying and selling at $123.92 (165,557 gained), down 3.41% from the day before today.

NVIDIA’s inventory worth, which opened the day decrease, seems to be falling because the earnings announcement approaches

Amid excessive expectations for good efficiency, warning appears to have performed a task. Earlier within the day, it closed up 1.4%.

Nvidia will announce its fiscal second quarter (Might to July) outcomes after the market closes at present.

Nvidia’s personal second-quarter gross sales forecast was $28 billion. Wall Road expects Nvidia’s gross sales to be $28.7 billion.

Because the warning about Nvidia’s efficiency got here into impact, the inventory worth of the ‘Magnificent 7’ shares, together with Apple (-0.58%), Microsoft (-1.20%) and Tesla (-1.90%), which ranks first in market capitalization, is about 1% larger. Displaying a downward development.

taejong75@yna.co.kr

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Despatched 2024/08/29 00:57