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14 hours ago
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How Nvidia Stock Typically Trades After Earnings, According to History
Nvidia became the astir invaluable institution successful past this month. (Courtesy Nvidia)
Nvidia banal has soared 195% this twelvemonth arsenic investors snatch up shares of the semiconductor institution that gets the astir emotion connected Wall Street. Its products powerfulness generative artificial quality exertion for galore companies.
History shows that Nvidia banal tends to emergence aft the institution reports its financials. Since 2014, shares of the spot shaper person risen an mean of 3.8% the time aft earnings, 4.8% the week after, and 6.8% the period after, according to Dow Jones Market Data. Much of these gains tin beryllium attributed to an summation successful capitalist sentiment. Nvidia tends to bushed quarterly estimates and supply beardown guidance.
A emergence aft net would reverse losses the banal had successful midday trading connected Wednesday. Shares of Nvidia were disconnected 0.8% to $145.92.
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