Why Is Nvidia (NVDA) Dropping in Front of Earnings?
From NASDAQ OMX Group:
Firstly, financial markets expert stresses the importance of facts over feelings regarding conspiracy theories. Second, to combat the influence of conspiracy theorists, Nvidia’s earnings report is crucial today. If NVDA disappoints, conspiracy theories may gain traction. Third, NVDA reached a market value of over $742.36 a week ago, representing a significant drop today of 8.26%. However, this isn’t proof of criminal activities. Fourth, NVDA stock has surged over 254% in a year, resulting in understandable nervousness among traders ahead of earnings. Finally, the likelihood of a “buy the rumor, sell the news” effect on NVDA’s stock price and the impact of its huge sales growth on expected earnings.
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