The Fundamental Issue With NVIDIA Might Be Its Fundamentals
NVDANvidia(NVDA) MarketBeat·2024-09-06 20:13

Is NVIDIA Corp. NASDAQ: NVDA a proxy for the broader market? It sure looks like it. In late August, the world’s leading microchip manufacturer delivered a strong earnings report. However, hitting a home run when investors hoped for, and maybe even expected, a grand slam was not enough. NVDA stock is down 14.8% since the report.NVIDIA TodayNVDANVIDIA107.21+1.00 (+0.94107.21 +1.00 (+0.94%) 52-Week Range39.23▼140.76DividendYield0.04140.76Dividend Yield0.04%P/E Ratio62.70Price Target142.10Add to WatchlistWith the Federal Reserve almost certain to ...