Nvidia Reaction to Earnings and Institutional Moves

2 months ago

Josh

"Coreweave earnings was the one that really affected Nvidia today. Nvidia had been pushing higher yesterday, but Coreweave's earnings, uh, they didn't give the forward guidance the market was looking for and it caused that to drop from yesterday's high to today's low over 17% on bad future guidance. In addition to Coreweave's impact on Nvidia, SoftBank came out and announced that they had sold their entire 5.83 billion position in Nvidia."

The speaker explains that disappointing forward guidance from Coreweave's earnings and the significant sale by SoftBank have negatively impacted Nvidia, triggering a sharp intraday drop. This commentary underlines short-term bearish pressure on Nvidia due to weak earnings and institutional moves.

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