Don’t Blame Crypto: Nvidia’s Collapsing Stock Could Kill Nasdaq’s Winning Streak

The Nasdaq Composite Index is on the verge of breaking out of its bear market. With a rebound of 12.9% since the infamous Christmas Eve massacre, tech stocks are on fire. But the winning streak could be halted by Nvidia’s earnings report tonight. Chipmaker Nvidia sent an unprecedented early warning to investors last month, bracing them for disappointing revenue figures. It slashed revenue expectations from $2.7 billion to just $2.2 billion. Nvidia’s stock price plunged 14% in response.  If the numbers come in even lower tonight, it could kill the Nasdaq’s momentum. Poor forecasts at Nvidia have rattled the Nasdaq

The post Don’t Blame Crypto: Nvidia’s Collapsing Stock Could Kill Nasdaq’s Winning Streak appeared first on CCN

HelpMyWallet | All About Crypto
Join our Bitcoin Insiders Email Group!
You will be the first to know about upcoming products and services. You will also be entered to win weekly giveaways!
We respect your privacy.