Nvidia (NVDA) stock is shedding weight once again on Wednesday despite broad market optimism ahead of the Federal Reserve’s interest rate decision. N
in the 5.25% to 5.5% range. That would alleviate the market's fears as higher interest rates boost Treasuries and reduce the relative value of equities. Nvidia should be following in the market’s footsteps, but interest rates are not front of mind at the moment. While other competitors likesee rising share prices on Wednesday, Nvidia is continuing its downward trend that began following earnings back in late August.
Consensus earnings are expected to rise 224% this fiscal year, 48% the following year and 25% the year after that. Likewise, revenue is expected to spike 101% this fiscal year, 43% the following year, and 23% the year after that. A lot is then riding on Nvidia’s commercial performance to make this high valuation sensible., announced last Friday that it was delaying the delivery of equipment it had previously ordered from suppliers like.
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