Breaking news, Nvidia's stock (after hours) plunged due to t...

184295026 commented on the news · Nov 21, 2024 05:41

Breaking news, Nvidia stock (after hours) plummeted due to the earnings reports!!!
Selling pressure continues.
I had anticipated the worst-case scenario, but unfortunately, it came true...
Previously, leading up to Nvidia's earnings reports at the end of August, daily economic articles raised excessive expectations for the company, but as soon as the earnings were announced, disappointment selling ensued!!
The decline started from August 27th until September 9th,
Continuously falling every day, leading to a crash,
There are merits and demerits to the drop from $130 to $100,
Following that major disaster, the decline in this earnings report,
Especially the Blackwell issue was mentioned since summer and was expected to be overcome and start shipping in autumn,
The moment news came out that the structural flaws of the same chip were still unresolved before the November earnings report,
It was highly likely that the November earnings would be disappointing for selling,
And that's what was predicted.
It has become a reality...
In today's Japanese market, related stocks continue to decline and fear selling is imminent!!!
Together with the geopolitical risk of "Ukraine Risk" that emerged at the beginning of this week, the market is undoubtedly turning bearish.
In fact, in the late night / early morning of the 21st (Thursday), Ukraine launched a new long-range missile "Storm Shadow" provided by the United Kingdom into Russia.
The day after shooting the long-range missile provided by the United States yesterday.
Without a doubt, the reaction from Russia will intensify.
This comes right after the announcement by Cheapn to relax the requirements for the use of nuclear weapons, leading to a more assertive stance->
Increase in geopolitical risk->
Along with Nvidia's earnings reports of poor results, the global market will drop simultaneously.