On Tuesday November 21, NVIDIA Stock (NVDA) reported excellent earnings beating estimates for the fourth quarter in a row. The stock was just above $500 before earnings came out and despite the record earnings, the stock fell. By Friday the stock closed at $477.76 losing almost 2% on Friday. Since reporting earnings, the stock is down over $22 for a loss of 4.4% last week.
This trade ideas article looks at the state of the stock following last week’s sell-off and whether this is an opportunity for more trades or a period to stay cautious.
This NVIDIA Stock trade article is for FullyInformed Members.
NVIDIA Stock (NVDA) – Trade Ideas After Quarterly Earnings for Mon Nov 27 2023
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk.
