August 29, 2024

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Momo Gurus Shift

Please click here for a chart of Nvidia stock (NVDA).

Note the following:

• The Morning Capsule is about the big picture, not an individual stock.  The chart of NVDA is being used to illustrate the point.
• The chart shows when Nvidia earnings were released.
• The chart shows after initial volatility, the stock fell.
• The chart shows when the conference call started.
• The conference call was very positive.
• The chart shows that NVDA stock continued to fall as the conference call progressed, even though the conference call was very positive.