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Nvidia (NVDA) released its Q3 earnings report on Wednesday night, delivering impressive results that exceeded Wall Street's expectations for both revenue and profit. However, the company’s outlook for Q4 revenue came in slightly below analysts' forecasts, and its margins are under pressure, prompting a modest dip of 2.5% in after-hours trading.
While an immediate negative market reaction is expected, considering investors’ high expectations from the company and the significant rally in its stock, any pullback presents an excellent opportunity to buy this high-growth company - and in fact, the shares are now pointing slightly higher in pre-market trading, suggesting that investors are already re-thinking their initial response.