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Nvidia set to report earnings after the bell

I suspect the rip in NVDA shares in the past 30 minutes is due to options trading and not an earnings leak, but I wouldn't rule anything out ahead of the release. Shares of Nvidia have doubled this year in the AI boom, as it chips are best-positioned to be the primary hardware behind the revolution. But at 40x sales, the company is trading at an extremely-rich multiple.The consensus for today's report is revenue of $6.5 billion, which is where the company guided. I don't think that will be enoug... Read More

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Posted: May 24 2023, 19:43

Author Name: forexlive

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