Nvidia expects decline in earnings

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Source: Dukascopy Bank SA


Prior to Tuesday's US trading start, Nvidia announced that the company expects its second quarter revenues to decrease by 19.00%, compared to the previous quarter. The decline of income has been caused by a 44.00% drop in the gaming sector.

The company's stock reacted to the news with an opening at $175.40, which is 7.21% lower than the Friday's closing price of $189.03. However, in the initial minutes of trading, it could be observed that the stock price was recovering.

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