Nvidia stock was edging lower Tuesday despite positive Wall Street forecasts rolling in for the chip maker’s coming earnings. Nvidia shares slipped 0.3% to $901.00 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.
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In the closing of the recent trading day, Nvidia (NVDA) stood at $903.99, denoting a +0.58% change from the preceding trading day.