Yahoo Finance's Ines Ferre joins the Live show to break how down how stocks are moving in early trading.
Shareholders of Nvidia (NASDAQ: NVDA) lost ground to the market on Friday as the stock fell 4% by 11 a.m. ET compared to a 1% drop in the S&P 500. The decline was tied to a wider drop among tech stocks, but also reflects fears about some bad news on the way in the company's upcoming earnings report. Investors are also worried that the chip giant will issue a weaker outlook when it announces earnings results on the afternoon of Wednesday, Aug. 24.
In this video, I will talk about what to look out for during Nvidia's (NASDAQ: NVDA) earnings call after the company announced a big miss. The company was expecting Q2 revenue to come in at $8.1 billion, but that number came in much lower at $6.7 billion, down 19% quarter over quarter (QOQ) and only up 3% year over year (YOY). The company blames the gaming segment, which came in weaker than expected because of the challenging market conditions.