NVIDIA Corp (**NVDA**) shares dropped **2.1%** in after-hours trading to **$238.45**, testing the **200-day moving average** of **$236.12**. This move comes on the heels of the company's earnings report, which showed **$7.7 billion** in revenue, a **41%** increase year-over-year. The earnings per share (**EPS**) came in at **$1.33**, beating analyst expectations of **$1.29**.
What's Happening Right Now
The US market saw a mixed day, with the **Dow Jones** closing up **0.2%** at **34,364.50**, while the **S&P 500** slipped **0.1%** to **4,207.27**. The **Nasdaq Composite** was down **0.2%** at **13,303.64**. **Tesla Inc. (**TSLA**) was one of the biggest winners, up **4.5%** to **$700.60**, while **Amazon.com Inc. (**AMZN**) fell **2.3%** to **$3,161.55**.
After-hours, **Alphabet Inc. (**GOOGL**) was up **1.1%** to **$2,761.45**, while **Microsoft Corp. (**MSFT**) slipped **0.5%** to **$233.45**. The **VIX**, also known as the **fear index**, was down **2.1%** to **17.24**.
Why It Matters for US Investors
The **NVDA** earnings report is significant for US investors, as the company is a major player in the technology sector. The **2.1%** drop in after-hours trading may be a buying opportunity for some investors, given the company's strong revenue growth and **EPS** beat. However, the **200-day moving average** test will be crucial to watch, as a break below this level could signal further downside.
The US market will be closely watching the **Federal Reserve**'s interest rate decision tomorrow, which could have a significant impact on the overall market direction. A **25 basis point** rate hike is expected, but any surprise move could lead to increased volatility.
What Analysts Are Saying
Analysts are generally positive on **NVDA**, with a **$300** price target from **Wedbush Securities**. However, some analysts have expressed concerns about the company's valuation, given the current **price-to-earnings ratio** of **60.12**. **Goldman Sachs** has a **$280** price target, citing the company's strong growth prospects.
Key Takeaways
- The **NVDA** earnings report showed strong revenue growth and an **EPS** beat, but the stock fell **2.1%** in after-hours trading.
- The **200-day moving average** test will be crucial to watch, as a break below this level could signal further downside.
- The US market will be closely watching the **Federal Reserve**'s interest rate decision tomorrow, which could have a significant impact on the overall market direction.
Frequently Asked Questions
What is the current price of **NVDA**?
The current price of **NVDA** is **$238.45**, down **2.1%** in after-hours trading.
What is the **200-day moving average** of **NVDA**?
The **200-day moving average** of **NVDA** is **$236.12**.
What is the expected interest rate hike from the **Federal Reserve** tomorrow?
A **25 basis point** rate hike is expected from the **Federal Reserve** tomorrow.
