A look at the day ahead in U.S. and global markets from Mike Dolan
After all that, Nvidia (NVDA.O), opens new tab beat expectations – which has become “expected” – and the stock retreated about 5%. This is still August, after all.
To be fair, the negative market reception to the artificial intelligence pacesetter’s quarterly results overnight was typical of the reaction to other ostensible “beats” in the sector in this earnings season. These stocks are expensive, have come a long way in a short space of time and the bar to impress is now sky high.
