NVDA stock

2022 - 8 - 24

Post cover — Image courtesy of "Seeking Alpha"

Nvidia: Cathie Wood Quickly Reverses Course (Seeking Alpha)

As we prepare for Nvidia earnings, Cathie Wood and the Ark Invest team sold a good chunk of their position. Read what this move may mean for investment in ...

With analyst estimates and the stock having dipped a bit since last week, the bear camp's hope for another disappointment this week have dropped a bit, so it's very interesting to see this kind of sale from a very prominent investor like this right before earnings. Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. [average street estimate](https://seekingalpha.com/symbol/NVDA/earnings/estimates?period=quarterly) for the October period is $6.92 billion, or a decline of nearly 2.6%. As we prepare for Nvidia earnings, Cathie Wood and the Ark Invest team sold a good chunk of their position. That represented more than 31% of Ark Invest's entire position, but it was more than 34% if we only focus on the two ETFs that sold and exclude the ARKF holding for now. The short-term direction of this key technical trend line will depend heavily on which way the stock moves after earnings. When the firm bought more shares in early August after [the chipmaker's warning](https://seekingalpha.com/pr/18895678-nvidia-announces-preliminary-financial-results-for-second-quarter-fiscal-2023?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews), the total position was just under a million shares between these three ETFs. Second, Ark Invest apparently felt confident in the name less than three weeks ago when it bought almost 367,000 shares on the day that Nvidia warned about Q2 revenues. Since then, the number of shares held by Ark Invest is down about 6%, but this is completely due to redemptions, the majority of which were in the flagship fund. In total, more than 293,000 shares of the chipmaker were sold on Tuesday. As we get ready for the company to update investors, one recent supporter of the company has done a quick U-turn. Back in late May, Cathie Wood and Ark Invest started building a small position in the chipmaker.

Is Cathie Wood Losing Faith in Nvidia (NVDA) Stock? (Investorplace.com)

Cathie Wood just sold off NVDA stock after Nvidia lowered its revenue forecasts ahead of Q2 earnings. Here's what that means.

[perceived weakness](https://www.benzinga.com/news/22/08/28586388/morgan-stanley-sees-nvidia-marvells-upcoming-results-reflecting-cloud-data-center-spend) in the gaming sector. Two top holdings in both funds are Coinbase (NASDAQ: [COIN](https://investorplace.com/stock-quotes/coin-stock-quote/)) and Roku (NASDAQ: [ROKU](https://investorplace.com/stock-quotes/roku-stock-quote/)), both down more than 70% for the year. [weaker-than-expected revenue](https://investorplace.com/2022/08/nvda-stock-falls-7-percent-on-q2-revenue-miss-warnings/) guidance for the quarter. [beaten down stocks](https://investorplace.com/2022/05/3-crashed-cathie-wood-stocks-that-ark-is-still-buying-so-should-you/) is well known. The company still [remained a favorite](https://investorplace.com/2022/08/7-stocks-that-are-still-hedge-fund-favorites/) among institutional investors. ARKW has less, holding [86,544 shares](https://ark-funds.com/funds/arkw/) of NVDA stock with a value just under $15 million.

Down 43%, Will Nvidia Become a Trillion-Dollar Stock? (Motley Fool)

Near-term headwinds continue to overshadow the tech giant's long-term growth picture. Shares of tech behemoth Nvidia Corporation (NVDA 0.24%) have nosedived 43% ...

Over the long run, however, the company is poised to benefit from the upward trajectory of the markets that it serves. In my opinion, it's a prime moment to back up the truck and buy Nvidia stock. In other words, the company tends to outperform during times of economic expansion and underperform during periods of economic contraction. According to Allied Market Research, the global graphics processing unit (GPU) market is forecast to be worth $201 billion by 2027, equal to a compound annual growth rate (CAGR) of 33.6% from 2020. With an enterprise value of $417.2 billion today, will Nvidia eclipse a $1 trillion market value in the future? [NVDA](/quote/nasdaq/nvda/) 0.24%) have nosedived 43% year to date as part of a broader tech retreat linked to [high inflation](https://www.fool.com/investing/how-to-invest/inflation/) and the rising interest rate environment.

Nvidia says gaming market conditions are 'challenging,' Q3 forecast ... (CNBC)

Nvidia says gaming market conditions are 'challenging,' Q3 forecast misses · Nvidia reported second quarter earnings that missed Wall Street expectations for ...

Nvidia said that the miss was because of lower sales of its gaming products, which are primarily graphics cards for PCs. Since then, Nvidia has said it doesn’t have visibility into how much cryptocurrency affects the demand for its products, even as cryptocurrency prices have plunged this year. It had been a pandemic darling, rising heavily as work-from-home prompted purchases of graphics cards and server chips, supercharging Nvidia’s business and driving 61% revenue growth in fiscal 2022. Its professional visualization business, which sells graphics chips for enterprise uses, declined 4% annually to $496 million. Nvidia stock fell over 4% in extended trading. It also warned its gross margin would drop.

Where Does NVIDIA Corporation (NVDA) Stock Fall in the ... (InvestorsObserver)

A rating of 48 puts NVIDIA Corporation (NVDA) near the middle of the Semiconductors industry according to In.

[NVDA](https://www.investorsobserver.com/symbols/nvda)) near the middle of the [Semiconductors](https://www.investorsobserver.com/stocks/industry/semiconductors) industry according to InvestorsObserver. This lets you find the stocks with the best short and long term growth prospects in a matter of seconds. The combined score incorporates technical and fundamental analysis in order to give a comprehensive overview of a stocks performance. The stock has traded between $168.95 and $173.08 so far today. There are a wide variety of ways to analyze stocks in order to determine which ones are performing the strongest. NVDA has an Overall Score of 52.

Nvidia (NASDAQ:NVDA) Reports Q2 Earnings; The Stock is Down (TipRanks)

Shares of Nvidia (NVDA) were down in the after-hours session after the company reported earnings for its second quarter of Fiscal Year 2023.

However, in the last 30 days, 0.3% of those holding the stock decreased their positions. Thus, investors who are believers in the stock shouldn’t be too worried about short-term headwinds. [of the 557,672 portfolios tracked by TipRanks, 11.8% hold NVDA](https://www.tipranks.com/stocks/nvda/stock-investors) stock. The expected decline can once again be attributed to a slowdown in gaming. Adjusted earnings per share came in at $0.51, which [beat analysts’ consensus estimate of $0.50 per NVDA share](https://www.tipranks.com/stocks/nvda/earnings). [NVDA](https://www.tipranks.com/stocks/nvda/stock-analysis)) were down in the after-hours session after the company reported earnings for its second quarter of Fiscal Year 2023.

NVIDIA (NVDA) Stock: Why It Fell Over 2% After Hours Today (Pulse 2.0)

NVIDIA reported a Q2 EPS of $0.51, which was $0.01 higher than analyst estimates of $0.50. And the revenue for the quarter was $6.7 billion compared to the ...

NVIDIA reported a Q2 EPS of $0.51, which was $0.01 higher than analyst estimates of $0.50. The stock price of NVIDIA (NVDA) fell by over 2% after hours today. - The stock price of NVIDIA (NVDA) fell by over 2% after hours today.