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Nvidia Gets Analyst Love Ahead of Earnings. The Stock Is Down.

Nvidia Gets Analyst Love Ahead of Earnings. The Stock Is Down.

Nvidia stock was edging lower Tuesday despite positive Wall Street forecasts rolling in for the chip maker’s coming earnings. Nvidia shares slipped 0.1% to $902.84 in early trading. Nvidia could beat its revenue guidance of $24 billion for the quarter by around $2 billion, and guide for a further $2 billion in revenue growth in the current quarter according to Melius Research analyst Ben Reitzes.