Nvidia stock was edging lower Tuesday despite positive Wall Street forecasts rolling in for the chip maker’s coming earnings. Nvidia shares slipped 0.3% to $901.00 in early trading. Nvidia could beat its revenue guidance of $24 billion for the quarter by around $2 billion, and guide for a further $2 billion in revenue growth in the current quarter according to Melius Research analyst Ben Reitzes.
The Dow Jones rose Tuesday on the stock market today on hot inflation data. Fed Chair Jerome Powell is next. GME stock rocketed 112%.
This time last year, Edward Sheldon saw Nvidia stock as the best way to play AI. But what’s his view now after a 200% rise in the share price? The post Is Nvidia the best AI stock to buy today? appeared first on The Motley Fool UK.