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Nvidia Reports Earnings Wednesday. Why Some Wall Street Analysts Are Worried.

by Euro Times
August 24, 2022
in Finance
Reading Time: 1 min read
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After a current string of current troubles for

Nvidia


traders are questioning how quickly the chip maker’s enterprise can bounce again. They are going to get an essential replace after the shut Wednesday when the corporate posts its newest numbers and outlook.

Earlier this month,

Nvidia


(ticker: NVDA) pre-announced disappointing outcomes for its fiscal second quarter. On the time, the corporate stated it expects July quarter income to be $6.7 billion, considerably beneath its $8.1 billion prior steering. It cited weaker-than-expected gaming phase gross sales and a troublesome macroeconomic atmosphere, whereas including that “difficult market circumstances” are anticipated to proceed within the fiscal third quarter.



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Tags: analystsEarningsNVIDIAReportsStreetWallWednesdayworried
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