Two red flags at Nvidia. | MarketTalk: What’s up today? | Swissquote
Nvidia announced another very strong quarter after the bell. They beat earnings expectations and forecasts but two flags have emerged: pressure on profit margins and high concentration of big customers.
Nvidia fell 2.5% in the afterhours trading. Failure to break a record post-earnings, and the rising worries regarding margins and competition could lead to a certain profit taking over the next few sessions.
As such, the S&P500 and Nasdaq futures are in the red this morning, and we could see a deeper retracement from the ATH levels with the lack of support from Nvidia earnings.
Elsewhere, the hawkish shift in...