NVIDIA Stock Drops Despite Beating Estimates as U.S. GDP Growth Raises Debt Concerns - Kitco News

Published: 29 August 2024
on channel: Kitco NEWS

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Jeremy Szafron, Anchor at Kitco News, unpacks the fallout from NVIDIA’s latest earnings report, where the tech giant’s sales forecast fell short of investor expectations, leading to a sharp drop in its stock price. We also examine the U.S. GDP revision, which was unexpectedly adjusted up to 3%, largely due to increased government spending. However, this growth comes with its own set of challenges, as concerns mount over the skyrocketing national debt, now at $32 trillion, and persistent inflation pressures.

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