Nvidia Drops, Gap Rises, Ross gains on Yearly Forecast
On this episode of Stock Movers:- Nvidia (NVDA) shares drop after investors shrugged off a stronger-than-expected revenue forecast and assurances that the AI economy isn’t in a bubble. Nvidia, the world’s most valuable company, announced Wednesday that sales will be about $65 billion in the January quarter — roughly $3 billion more than analysts predicted. The chipmaker also said that a half-trillion-dollar revenue bonanza due in coming quarters may be even bigger than anticipated. - Gap (GAP) shares rise after the company said its sales came in stronger than expected…
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