Posted 2/20/2024, 7:31:00 PM
Nvidia Faces Toughest Day in Months as Lofty Growth Expectations Test Investor Confidence
- Nvidia stock headed for worst day since late 2022, set to lose over $100B in market cap
- Results expected to show another quarter of huge growth, but expectations may be too high
- Stock has surged 35% in 2023, analysts see limited room for further upside surprises
- Guidance and commentary on China business restrictions will be in focus
- Despite high expectations, most analysts remain constructive on long-term growth story