It’s the tragedy of the overachieving child. Despite ridiculous revenue growth number, Nvidia’s shares fell about 6% yesterday.
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe$50 billion stock buybackJuly's consumer price index may have been a pleasant surprise, coming in at 2.9% for the year – lower than forecast and the slowest pace since March 2021. But the U.S.
So, when you're just like every other academic genius with perfect grades, that's merely the baseline you should be hitting.. Despite posting ridiculous revenue growth numbers that would send any other company's stock straight into the stratosphere, Nvidia's shares fell about 6% yesterday. As Ryan Detrick, chief market strategist at Carson Group, wrote,"Death, taxes, and NVDA beats on earnings are three things you can bank on." In other words, just beating earnings estimates isn't enough for Nvidia anymore. It's more about"the size of the beat."
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CNBC Daily Open: Nvidia fell, but that may be a good thingIt’s the tragedy of the overachieving child. Despite ridiculous revenue growth number, Nvidia’s shares fell about 6% yesterday.
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CNBC Daily Open: Nvidia fell, but that may be a good thingIt’s the tragedy of the overachieving child. Despite ridiculous revenue growth number, Nvidia’s shares fell about 6% yesterday.
Read more »
CNBC Daily Open: Nvidia fell, but that may be a good thingIt’s the tragedy of the overachieving child. Despite ridiculous revenue growth number, Nvidia’s shares fell about 6% yesterday.
Read more »
CNBC Daily Open: Nvidia fell, but that may be a good thingIt’s the tragedy of the overachieving child. Despite ridiculous revenue growth number, Nvidia’s shares fell about 6% yesterday.
Read more »
CNBC Daily Open: Nvidia fell, but that may be a good thingIt’s the tragedy of the overachieving child. Despite ridiculous revenue growth number, Nvidia’s shares fell about 6% yesterday.
Read more »
CNBC Daily Open: Nvidia beating expectations isn’t enoughIs it fair to say Nvidia beat expectations, if retail investors always expect that the company will exceed expectations?
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