Shares of semiconductor leader Nvidia (NASDAQ: NVDA) were under pressure today, down 3.4% as of 12:30 p.m. ET. There was no company-specific news causing the slump in stock price. The Nasdaq Composite was down 1.4%.
Nvidia (NVDA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Nvidia (NASDAQ: NVDA) did precisely that, choosing to release its results three weeks early. Nvidia experienced a tough quarter. While management guided in Q1 for $8.1 billion in revenue during its 2023 fiscal year second quarter (ending July 31), Nvidia only brought in $6.7 billion.