Nvidia Rose, then the Market Fell: It’s “Every Stock for Itself”

Nvidia Rose, then the Market Fell: It’s “Every Stock for Itself”
Nvidia stock more than tripled in value for the year-to-date through early November. Dreamstime/TNS
Louis Navellier
Updated:
0:00
Commentary

Last Wednesday, Nvidia announced that its latest quarterly revenues rose 261% to $26 billion, compared with $7.2 billion in the same quarter a year ago. During the same period, operating earnings rose 461.5% to $6.12 per share. The analyst community was expecting revenue of $24.7 billion and operating earnings of $5.65 per share, so the company posted a 5.3% revenue surprise and an 8.3% earnings surprise.

Louis Navellier
Louis Navellier
Author
Louis Navellier is chairman and founder of Navellier & Associates in Reno, Nevada, which manages approximately $1 billion in assets. One of Wall Street’s renowned growth investors, Navellier writes five investment newsletters focused on growth investing. In addition to appearing on Bloomberg, Fox News, and CNBC giving his market outlook and analysis, he has been featured in Barron’s, Forbes, Fortune, Investor’s Business Daily, Money, Smart Money, and The Wall Street Journal.
Related Topics