$NVIDIA Corp(NVDA)$ Microsoft

$NVIDIA Corp(NVDA)$ Microsoft and Meta Platforms are key players in the artificial intelligence (AI) space, and the two companies are also top customers for Nvidia. As a result, their sales, earnings, and guidance can have a significant impact on the graphics processing unit (GPU) leader's share price. But while these key customers issued sales and spending guidance that has prompted pullbacks for their stocks and the market at large today, details in their reports actually suggest positive demand catalysts for Nvidia.

Nvidia Rebound: Still a Long Term Bet?

Nvidia drop 2% despite exceeding expectations for the third quarter and providing strong guidance. Nvidia posted 81 cents in adjusted earnings per share and $35.08 billion in revenue. Analysts surveyed by LSEG were expecting 75 cents in earnings per share and $33.16 billion in revenue. ----------------- What's your target price for Nvidia? Head to $130 or $140 this week?

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