
Nvidia stock sinks over 8%, market cap dips below $3T as earnings are no match for sky-high expectations
Nvidia (NVDA) stock fell 8.5% Thursday after the company’s fourth quarter earnings topped Wall Street’s expectations, but its outlook for first quarter gross margin came in lower than estimates. NasdaqGS – Delayed Quote • USD At close: February 27 at 4:00:01 PM EST Nvidia guided for a gross margin of roughly 71% for the first…