That said, Nvidia may not be out of the woods yet. Nvidia Price Chart (NVDA): January 28th (Chart 2) Thus, Thursday’s earning beat serves to simply recapture some of the lost share price from the earlier guidance change. Nvidia’s share price reacted accordingly, trading roughly $25 lower as the session opened. Slowing sales in China due to the US-China trade war and economic slowdown concerns were cited as headline reasons for the revision.

On January 28th, Nvidia announced before market open it had lowered guidance for the fourth quarter. Nvidia Price Chart (NVDA): February 14th (Chart 1) The strong performance is somewhat discounted given the broader context. Earnings per share were similarly rosy, $0.80 versus $0.78 expected. Revenue for the quarter was $2.21 billion versus the expected $2.20 billion. See how IG clients are positioned on the Dow, Bitcoin and Dollar with our free IG Client Sentiment Data.įourth quarter earnings for chipmaker Nvidia were reported after the close Thursday and a strong performance sent shares 8% higher. The Nasdaq may take its cues from Nvidia in Friday’s session as a robust performance from a leading chipmaker and tech stock should generate optimism for the index.Chinese sales were questioned amid the US-China trade war and economic slowdown concerns.Nvidia’s lowered guidance allowed the chipmaker to handily beat earnings.

Nvda stock price chart after hours