Nvidia Rebounds From $108 to $289! Will You Add Ahead of Earnings?
@MillionaireTiger:
$NVIDIA Corp(NVDA)$ will release earnings soon. Nvidia's share price is currently trading at $289.53, rebounding from $108 in last October. However, it's still lower than the high point of $346 in 2021.From 300 to 100: Cyclical Stocks Suffer Consecutive Hits1) Revenue growth rate turned to negative in 2022In August 2022, NVIDIA's second-quarter revenue fell significantly below expectations, causing a sharp drop in its stock price.NVIDIA's total revenue was $6.7 billion, below the company's guidance of $8.1 billion, with a year-on-year growth rate of only 3%. Subsequently, NVIDIA's revenue growth turned negative. In the third quarter, NVIDIA's overall revenue was $5.93 billion, a 16.5% decline compared to the same period last year, marking the