Nvidia Earnings: Why the Stock Is Down in After-Hours; Live Call ...
How Nvidia Stock Typically Trades After Earnings, According to History
Nvidia became the most valuable company in history this month. (Courtesy Nvidia)
Nvidia stock has soared 195% this year as investors snatch up shares of the semiconductor company that gets the most love on Wall Street. Its products power generative artificial intelligence technology for many companies.
History shows that Nvidia stock tends to rise after the company reports its financials. Since 2014, shares of the chip maker have risen an average of 3.8% the day after earnings, 4.8% the week after, and 6.8% the month after, according to Dow Jones Market Data. Much of these gains can be attributed to an increase in investor sentiment. Nvidia tends to beat quarterly estimates and provide strong guidance.
A rise after earnings would reverse losses the stock had in midday trading on Wednesday. Shares of Nvidia were off 0.8% to $145.92.
