Nvidia's Q4 Revenue Forecast and Wall Street Calls
Nvidia's Q4 revenue forecast fails to impress Wall Street, leading to a decline in the company's stock. Despite reporting Q3 adjusted EPS of 81 cents, beating estimates, Nvidia's slowest revenue growth in seven quarters and supply chain constraints have disappointed investors. The company expects demand for its chips to exceed supply for several quarters in fiscal 2026. As a result, at least 14 brokerages have raised their price targets on Nvidia's stock. However, the overall sentiment towards Nvidia's performance is negative, as reflected in the decline in its stock price.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments