Gene Munster, managing partner at Deepwater Asset Management, shared insights on NVIDIA Corp. (NASDAQ:NVDA) earnings and artificial intelligence potential on X. “The bears will say $NVDA earnings were good but not great,” he wrote on Wednesday.
What Happened: According to Munster, bears believe Nvidia’s earnings were satisfactory but not outstanding. In contrast, bulls argue that the company’s favorable July and October guidance is less significant because AI’s long-term potential will surpass the internet.
Munster noted that Nvidia’s stock experienced a 9% decline, combining a 7% drop in after-hours trading and a 2% dip during the day. He attributed this to the market “blowing off some steam” and expressed confidence in the stock’s upward trajectory over the next week. “I continue to believe that this stock will treat higher over the next week,” he said.
He also discussed two key pressure points: the Blackwell topic and the timing …
Full story available on Benzinga.com
Gene Munster, managing partner at Deepwater Asset Management, shared insights on NVIDIA Corp. (NASDAQ:NVDA) earnings and artificial intelligence potential on X. “The bears will say $NVDA earnings were good but not great,” he wrote on Wednesday.
What Happened: According to Munster, bears believe Nvidia’s earnings were satisfactory but not outstanding. In contrast, bulls argue that the company’s favorable July and October guidance is less significant because AI’s long-term potential will surpass the internet.
Munster noted that Nvidia’s stock experienced a 9% decline, combining a 7% drop in after-hours trading and a 2% dip during the day. He attributed this to the market “blowing off some steam” and expressed confidence in the stock’s upward trajectory over the next week. “I continue to believe that this stock will treat higher over the next week,” he said.
He also discussed two key pressure points: the Blackwell topic and the timing …
Full story available on Benzinga.com
Gene Munster, managing partner at Deepwater Asset Management, shared insights on NVIDIA Corp. (NASDAQ:NVDA) earnings and artificial intelligence potential on X. “The bears will say $NVDA earnings were good but not great,” he wrote on Wednesday.
What Happened: According to Munster, bears believe Nvidia’s earnings were satisfactory but not outstanding. In contrast, bulls argue that the company’s favorable July and October guidance is less significant because AI’s long-term potential will surpass the internet.
Munster noted that Nvidia’s stock experienced a 9% decline, combining a 7% drop in after-hours trading and a 2% dip during the day. He attributed this to the market “blowing off some steam” and expressed confidence in the stock’s upward trajectory over the next week. “I continue to believe that this stock will treat higher over the next week,” he said.
He also discussed two key pressure points: the Blackwell topic and the timing …Full story available on Benzinga.com Read Moreartificial intelligence, Deepwater Asset Management, Equities, Gene Munster, Kaustubh Bagalkote, News, NVDA, Markets, Tech, NVDA, US67066G1040, News, Equities, Markets, Tech, Benzinga Markets
