Nvidia Stock Down After Earnings -- Is NVDA Stock a Buy Now?

By Eric Cuka – Updated May 26, 2022 at 9:31AM

NASDAQ: NVDA

Nvidia

Market Cap

$2,061B

Today's Change

(3.65%) $29.05

Current Price

$824.23

Price as of April 23, 2024, 4:00 p.m. ET

Nvidia reported strong earnings with light guidance. Is it a buy now, or is more pain ahead?

Nvidia (NVDA 3.65%) reported strong earnings last night:

Earnings Per Share (EPS): $1.36 adjusted, versus $1.29 estimated
Revenue: $8.29 billion versus $8.11 billion estimated

So why is NVDA stock down? Nvidia guided lower for the current quarter. In the video below, I provide additional details on Nvidia earnings, share commentary, and provide a quick look at the stock chart to see where it might be headed.

*Stock prices used in the below video were during the trading day of May 25, 2022. The video was published on May 25, 2022.

Eric Cuka has positions in Nvidia. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy. Eric is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.