Nvidia shares little changed despite earnings beat. What the pros say to do next
August 24, 2023
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Market Movers rounded up the best reactions on Nvidia from investors and analysts. The experts, including Jim Cramer , discussed the chipmaker after its second-quarter financial report topped analysts’ estimates on both the top and bottom lines, including revenue that surpassed expectations more than $2 billion. Surging demand for artificial intelligence-capable chips helped Nvidia deliver another round of strong guidance with an expected $16 billion in revenue for the third quarter, up 170% from the same time last year. Nvidia shares had hit a record high after market open Thursday but finished the day nearly unchanged from Wednesday’s close. The stock is up more than 220% this year and is currently held in Cramer’s Charitable Trust portfolio.
