Analysts Watch Market Reaction After Nvidia’s Earnings Report

‘The market didn’t like guidance and production issues with Blackwell,’ said Nancy Tengler, CEO of Laffer Tengler Investments.

The logo of NVIDIA at its corporate headquarters in Santa Clara, Calif., in May 2022. Courtesy of NVIDIA/Handout via Reuters

Nvidia failed to satisfy investors’ lofty expectations for the $3 trillion chipmaker’s fiscal year 2024 second-quarter earnings report, sending the stock lower and slightly weighing on the tech-heavy Nasdaq Composite Index.

Company shares tumbled 6 percent during the Aug. 29 trading session, sliding below $118. The Nasdaq was little changed, dipping 0.23 percent. Both moderately recovered in the trading session on Friday.