- Nvidia (NVDA) registered a drop of 0.80% at the end of Wednesday’s session.
- The company reported revenue of $35.1 billion, beating market projections.
Nvidia shares set a daily high at $147.56, attracting sellers who drove the stock price to a day’s low of $142.73. At the time of writing, NVDA is trading above $143.80, losing 1.51% in extended trading.
Nvidia does not convince investors although it exceeds estimates in its quarterly report
The leading company in the manufacturing of semiconductors and components for the development of artificial intelligence, Nvidia (NVDA), obtained revenues of 35.1 billion dollars, exceeding the 33.09 billion dollars projected by the consensus. Likewise, it presented an earnings per share of $0.81 compared to the $0.75 expected by analysts.
Despite these results, NVDA is trading lower in the extended hours, falling 1.51% at the time of writing, trading above $143.80.
Nvidia technical levels
NVDA stock formed short-term resistance at $149.77, given by the all-time high reached on November 8. We see the closest support at $137.15, the minimum of November 18. The next key support zone is at $128.74, the October 15 pivot point.
Nvidia 2-hour chart
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
