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Reuters: Even if Nvidia's profits exceed expectations, stock prices may still fall
Summary: According to sources, Reuters reported that Ipek Ozkardeskaya, an analyst at Swiss bank UBS, stated that even though Nvidia (NVDA.O) performed better than expected after Wednesday's closing, the company's stock prices may still fall. She mentioned that investors may take the opportunity of good performance to profit and this could accelerate a stock price correction. ...
According to sources, Reuters reported that Ipek Ozkardeskaya, an analyst at Swiss bank UBS, stated that even though Nvidia (NVDA.O) performed better than expected after Wednesday's closing, the company's stock prices may still fall. She mentioned that investors may take the opportunity of good performance to profit and this could accelerate a stock price correction. Ozkardeskaya suggested that investors consider diversifying from expensive US tech stocks into other regions such as Europe and the UK, or into more defensive industries. She believes that gold, US treasuries, and investment-grade bonds are also good options, as these assets may benefit from future interest rate cuts.
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Link: Reuters: Even if Nvidia's profits exceed expectations, stock prices may still fall [Copy]
