What Bears And Bulls Think On Nvidia Is Irrelevant, Says Gene Munster Because 'AI Will Be Bigger Than The Internet'

Quick Summary:

Gene Munster, managing partner at Deepwater Asset Management, shared insights on NVIDIA Corp.(NASDAQ:NVDA) earnings and artificial intelligence potential on X.“The bears will say $NVDA earnings were good but not great,” he wrote on Wednesday.

He attributed this to the market “blowing off some steam” and expressed confidence in the stock’s upward trajectory over the next week.“I continue to believe that this stock will treat higher over the next week,” he said.

What Happened: According to Munster, bears believe Nvidia’s earnings were satisfactory but not outstanding.

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Category: Technology

Markets: United States

Topics: Equities NVDA Kaustubh Bagalkote Benzinga Gene Munster US67066G1040 Deepwater Asset Management Tech Artificial intelligence News Markets

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News Sentiment: Negative

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Article Type: News Report

Published On: 2024-08-29 @ 02:09:48 (3 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 462 words

Reading Time: 3 minutes read

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Copyright Owner: © Benzinga

News ID: 22292075

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