From CNBC,
S&P 500 closes at record high as traders brace for Nvidia earnings.
It was the first new record high for the index in two weeks. The Nvidia earnings are in,
Nvidia beats on top and bottom lines as data center revenue surges 56%.
Alas, not everyone is happy. From Bloomberg,
Nvidia Shares Down Postmarket With Earnings Call Underway.
As you read these words, the above news could be minutes, even hours old.
The world’s largest company by market capitalization showed earnings that beat market expectations. But not everyone’s expectations, apparently, with the stock down almost 3 percent from its closing price as of 5 pm CDT.
There are expectations and then there are expectations.
