Why Nvidia Stock Dropped on Earnings Day
This afternoon, at 4 p.m. ET, the biggest name in graphics semiconductor chips will report its sales and profits for fiscal Q4 2021, and for the whole year as well. Wall Street has told investors that Nvidia grew its sales 48% in Q4, and grew its earnings 58%. If true, that would be pretty incredible growth, and some analysts think Nvidia may have done even better than this, with investment bank Piper Sandler, for example, saying yesterday that the company will probably beat expectations — and raise guidance as well.