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Nvidia Q3 Earnings: Are We Nearing A Top?

Jay Lutz
Sunday, November 24, 2024, 09:37:00 AM

Folks, we just may be nearing a market top if Nvidia (NASDAQ: NVDA) is any sort of signal.

The leader of the semiconductor manufacturers has reported its third quarter financial results, beating all analyst estimates. And yet, it went red in after hours trading on Thursday following the release of the results.

Is it the market top? Or is it a result of forward guidance? Or is the market just starting to cycle investment dollars elsewhere?

Lets dive in.

Information for this briefing was found via Sedar and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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Welcome to The Deep Dive, where we focus on providing investors of Canadian junior stock markets the knowledge they need to make smart investment decisions. We take a closer look at all data relating to organizations to create quality stock analysis for investors. Not a recommendation to buy or sell securities. Always do additional research and consult a professional before purchasing a security.