• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Economy

NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

by November 21, 2024
written by November 21, 2024

NVIDIA Corporation (NASDAQ: NVDA) reported strong fiscal Q3 results that exceeded Wall Street estimates but provided Q4 guidance that fell short of heightened investor expectations. Shares dropped approximately 3% in premarket trading following the announcement.

For Q3, NVIDIA posted earnings per share (EPS) of $0.81 on revenue of $35.1 billion, surpassing analyst expectations of $0.75 EPS on $33.09 billion revenue. A key driver was the data center segment, which generated $30.8 billion, marking a 17% sequential increase and a remarkable 112% year-over-year growth, beating forecasts of $28.84 billion.

Looking to Q4, NVIDIA projects revenue of $37.5 billion, plus or minus 2%, slightly above consensus estimates of $37.09 billion. Gross margins are anticipated at 73.0%, signaling robust profitability despite modest guidance.

Analysts expressed mixed views. Bank of America highlighted near-term investor caution due to subdued excitement but reaffirmed confidence in NVIDIA’s long-term growth potential, emphasizing its leadership in transitioning legacy infrastructure to AI-accelerated systems. Piper Sandler echoed optimism, noting that the company remains well-positioned for significant growth starting in April.

In summary, NVIDIA’s solid fundamentals and leadership in AI position it as a long-term winner, though near-term volatility may persist as investors digest its tempered Q4 outlook.

Nvidia Stock Chart Analysis

This chart displays NVIDIA Corporation’s (NVDA) stock performance on a 15-minute timeframe. The current price is $145.86, reflecting a slight increase of +0.33% during the day. The chart features candlestick patterns, showing the stock’s price movements, with highs and lows clearly marked.

The RSI (Relative Strength Index) indicator at the bottom reveals momentum dynamics. It’s hovering near 60.05, which suggests moderate bullish momentum, moving away from neutral levels. The RSI isn’t overbought yet (above 70), indicating room for further upward movement.

Recent trading action shows a recovery from a low of $137.15, with the price approaching previous resistance around $146.16. If this level breaks, it might signal a continued uptrend; otherwise, a pullback could occur. Traders should monitor the $144.76 support zone and $149.77 resistance for further signals.

Overall, NVDA’s short-term trend appears cautiously bullish, supported by improving RSI momentum.

The post NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3% appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Starbucks Stock: Exploring Partnerships in China
next post
Trump administration picks’ families have 1 thing in common

related articles

Oil Prices Rebound After Trump’s Criticism of Powell

April 22, 2025

Trump’s Fed Criticism Sparks Investor Concerns

April 22, 2025

Buy Bitcoin Under $100K Before The Next Bull...

April 22, 2025

BNB Price Surge Leads Crypto Gains as Bitcoin...

April 21, 2025

Fed’s Stagflation Warning Impacts Crypto Markets

April 21, 2025

Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

April 21, 2025

Gold Price Surge Hits $3,385 Amid Trade Tensions

April 21, 2025

Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

April 21, 2025

Memecoins, AI, and DeFi Tokens Lead Crypto Rebound

April 21, 2025

Bitcoin Nears $85K Amid Market Optimism

April 21, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • What kind of justices would President Kamala Harris appoint?

    August 30, 2024
  • Conservatives explode at botched Epstein document rollout: ‘Complete disappointment’

    March 1, 2025
  • Bolton unleashes on Trump Ukraine policy days after FBI raid

    August 25, 2025
  • We have to act now to keep AI from becoming a far-left Trojan Horse

    June 10, 2025
  • Conservative justices ‘stunned’ by Supreme Court’s USAID decision, lambaste majority in scathing dissent

    March 5, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,383)
  • Investing (634)
  • Stock (938)

Latest Posts

  • McClain elected to replace Stefanik in House GOP leadership

    November 14, 2024
  • Elon Musk tapped to help lead investigation into Signal chat leak: White House

    March 26, 2025
  • American history won’t be displayed ‘in a woke manner’ at Smithsonian, Trump says

    August 15, 2025

Recent Posts

  • Kroger CEO Rodney McMullen resigns after board probe, Ronald Sargent named interim chief

    March 3, 2025
  • Dems’ hearing meltdowns a play to the base, analysts say, as Trump noms keep pushing back in viral moments

    May 18, 2025
  • ‘Sleazeball’: McConnell’s 2020 thoughts on Trump revealed in new book

    October 17, 2024

Editor’s Pick

  • Speaker Johnson rips ‘lack of leadership’ in Biden admin’s Helene response: ‘alarmed and disappointed’

    October 5, 2024
  • Apple boosts U.S. investment plans with $500 billion pledge amid Trump tariff threat

    February 24, 2025
  • Trump learns a lesson grounded in faith, how best to stand tough on trade with China

    August 24, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock