Key Points
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Nvidia will announce its fiscal 2027 first quarter results on Wednesday, May 20, expecting revenue of approximately $78 billion, marking a 15% increase from the previous quarter.
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Nvidia shares fell by up to 5% today due to disappointment over the lack of new announcements regarding their China business, as investors anticipated news following CEO Jensen Huang’s visit with President Trump.
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Despite the dip, Nvidia has seen a surge of over 15% in the last month and has exceeded prior sales guidance in recent quarterly reports, showcasing strong performance outside of the Chinese market.
Key Data: Nvidia’s projected revenue: $78 billion; Current share drop: 3.3%; Nasdaq Composite decline: 1.25%.
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