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Nvidia Hammered By Wall Street For Flat Revenue Projections
Following yesterday's earnings release in which it posted healthy revenue gains that were undercut by a one-time charge to exchange its employees' underwater stock options, shares of Nvidia are way down in midday trading.
1 Min Read
Many analysts downgraded the stock today, noting that Nvidia had predicted flat revenues for the current quarter. As a result, Nvidia shares have fallen 20% since trading began today, and stand at $11.60 as of 2:50pm EST.
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