The Next $1 Trillion US Tech Stock Is Far Away From Joining Exclusive Club
- Investor says stock ‘still pretty damn expensive’ after slump
- Results expected to show strong earnings and revenue growth
Nvidia’s stock has been pressured by lockdowns in China.
Photographer: Justin Sullivan/Getty Images
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It’s only been six months since Nvidia Corp. was being hailed as Wall Street’s next $1 trillion tech stock. The memory now seems distant.
Having soared to a record back in November, the chipmaker has pretty much given back all its gains of the last 12 months, rattled by this year’s rout in high-valuation stocks. For investors wondering where the stock is headed next, first-quarter earnings due after US markets close on Wednesday will provide a stern test.