Nvidia Slides 7% in 7-Day Losing Streak Ahead of Earnings
Updated
Updated · Yahoo Finance · Aug 25
Nvidia Slides 7% in 7-Day Losing Streak Ahead of Earnings
3 articles · Updated · Yahoo Finance · Aug 25
Summary
Seven straight trading days of selling have cut Nvidia about 7%, its longest losing streak since 2022 and far worse than the S&P 500's 1.2% drop.
Investors are heading into Wednesday's earnings report wary that even strong results may not lift the stock: Nvidia has fallen after earnings in six of the past eight quarters, including the last four.
That caution reflects lofty expectations for both the quarter and CEO Jensen Huang's outlook, with markets already assuming another standout AI performance and little near-term risk from Nvidia's investment portfolio.
Analysts cited in the report still expect strong revenue and profit growth, arguing the pre-earnings slide does little to change Nvidia's longer-term appeal or relatively reasonable valuation.