Nvidia Earnings Due Aug 26 as Latest Beat Streaks Fail to Lift Stock

NVDA-0.19%
According to Bespoke Investment, Nvidia will report earnings and guidance after market close on Aug 26. However, the research firm notes a concerning trend: despite Nvidia achieving consecutive beats on earnings, revenue, and guidance in 14 of its last 20 quarterly reports, its stock price declined on the announcement day following its three most recent such "beat streaks." Bespoke commented that while such triple beats are rare for most companies, they are now priced into Nvidia's stock, making additional upside increasingly difficult to achieve.
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