Nvidia jumps 8.74% after earnings, then falls 4.57% Friday

  • Nvidia rose 8.74% after reporting a record quarter on August 27.
  • Nvidia fell 4.57% to $217.55 on Friday.
  • Tom Lee said Nvidia had fallen after each of its previous four earnings beats.

Nvidia rose 8.74% on August 27 after reporting a record quarter, an unusual reaction that Fundstrat’s Tom Lee said the chipmaker almost never delivers after good earnings. Lee viewed the move as evidence of a healthy market, but the gains lasted only one day. On Friday, Nvidia fell 4.57% to $217.55, erasing most of the earlier advance.

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Nvidia jumps 8.74% after earnings, then falls 4.57% Friday - CoinPost Terminal