Reported about 10 hours ago
Nvidia's stock has experienced a significant sell-off of 9.8% following its fourth quarter earnings report, marking a total decline of 24% from its January highs. Analysts express cautious optimism while acknowledging that key moving averages have been breached. Nvidia's CEO reassures investors of high demand for its upcoming Blackwell chip, despite concerns over lower profit margins than expected. Long-term investors remain hopeful, suggesting that governmental investments could bolster future growth.
Source: YAHOO