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Nvidia Drops Ahead of Earnings as Top Analysts Forecast Strong Beat and Raise

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The Story

News Summary

  • Nvidia shares dropped 2.6% amid a broader semiconductor slump ahead of its pivotal earnings report.
  • Despite the dip, Wall Street analysts reiterated strong Buy ratings with price targets up to $350, anticipating beat-and-raise quarterly results driven by robust AI infrastructure demand.
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NVDA price history

218.29 +19.87% over the displayed period

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