In early trading, Nvidia shares fluctuated between a 4.8% increase and a 1.1% decrease. Analysts attribute the muted response to the realization that Nvidia’s phenomenal revenue growth, fueled by artificial intelligence and cutting-edge chips, may not last forever. Wall Street now expects near-perfect results from similar “rallies” in stocks, said Quincy Crosby, chief global strategist at LPL Financial.
Nvidia’s estimates have previously exceeded estimates by $2 billion or more in four consecutive quarters, rising to $3.8 billion in the second quarter of 2024. But its $3.6 trillion market cap and S&P 500 dominance means any slowdown could have repercussions on global markets.
Source: Ferra
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