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via finance.yahoo.comMarkets

Nvidia stock falls 1.35% as $108 billion guidance sets the next revenue hurdle

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. Nvidia (NASDAQ:NVDA) has a high bar to clear: $108 billion in quarterly revenue. Shares fell 1.35% to $203.90 at 8:41 a.m. ET on November 4 in premarket trading, as investors weighed the next earnings test. A Trefis review put the Vera…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe stock faces a high bar for its next earnings test, with a demanding revenue target.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Nvidia reported approximately $96.2 billion in revenue in its prior fiscal second quarter.
  2. 02Third-quarter guidance points to revenue within 2% of the $108 billion midpoint.
  3. 03Expected non-GAAP gross margin is 74%, plus or minus half a percentage point.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
NVIDIA CorporationNVDAStock200.72 USDMarket closedtoday -2.89%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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