But many experts still remain bullish on NVDA stock, predicting a turnaround in the months ahead. Early in the month, in a preliminary release, the company announced weaker-than-expected revenue for the quarter.įollowing that news, Nvidia already has a dark shadow over it as it prepares to report earnings. The combination of bearish sentiment toward tech stocks combined with macroeconomic headwinds has made for a difficult industry landscape. While shares are up more than 5% for the month, they are still down more than 26% for the past six. But as broad market forces intersected with supply chain constraints, NVDA stock embarked on a downward trajectory and it hasn’t stopped. The Silicon-valley semiconductor designer provided a shot to fame amid the metaverse boom of 2021-early 2022. This list includes Zoom (NASDAQ: ZM) and Snowflake (NYSE: SNOW) but many eyes are already on Nvidia (NASDAQ: NVDA), which reports on Aug. Many prominent tech stocks will report earnings this week.
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