Published on 24 Jan 2022 on Zacks via Yahoo Finance
Nvidia (NVDA) Stock Sinks As Market Gains: What You Should Know
Nvidia (NVDA) closed the most recent trading day at $233.72, moving -0.01% from the previous trading session. This change lagged the S&P 500's daily gain of 0.28%. Elsewhere, the Dow gained 0.29%, while the tech-heavy Nasdaq added 0.19%.
Coming into today, shares of the maker of graphics chips for gaming and artificial intelligence had lost 21.14% in the past month. In that same time, the Computer and Technology sector lost 10.69%, while the S&P 500 lost 5.39%.
Nvidia will be looking to display strength as it nears its next earnings release. On that day, Nvidia is projected to report earnings of $1.22 per share, which would represent year-over-year growth of 56.41%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.43 billion, up 48.53% from the year-ago period.