Nvidia Stock Just Did Something It Has Never Done Before. History Says the AI Stock Could Do This Next.

Nvidia’s monster third quarter, bullish guidance, and multi-trillion dollar potential was not enough to satisfy Wall Street. Similar to what happened last quarter, the world’s largest stock ticked more than two percent lower in overnight trading following the blowout earnings report:

Nvidia shares moved higher in premarket trading Thursday after the AI investor favorite released results and an outlook that surpassed Wall Street expectations. Monitor these important chart levels.

Certain research has shown that investors tend to put too much faith in past earnings. Over time, this leads to a stock being overbought in the lead-up to an earnings release and a short-term dip after the release. What Nvidia is experiencing is very normal.

Nvidia reported fiscal third-quarter earnings after Wednesday's closing bell. MarketWatch will be breaking down the results.

The Jen-Hsun & Lori Huang Foundation saw its assets, which mostly consist of Nvidia shares, more than triple to $3.4 billion at the end of 2023.

Wall Street is on track to open with gains following another strong earnings report from chipmaker Nvidia even if it didn't meet the sky-high expectations of investors. Futures for the S&P 500 rose 0.

If the still-rapid growth of artificial intelligence isn’t pushing the market higher right now, something else will have to do it.

Nvidia’s AI growth story is far from over. The company’s new Blackwell graphics processing unit seems to have limitless demand, which bodes well for the company’s stock price.On Wednesday, Nvidia reported another quarter of stunning revenue.