Nvidia's Earnings Report Causes Indexes to Wobble, Stock Moves from $140 to $153, Back to $143

The stock market experienced volatility today as indexes wobbled and investors reacted to Nvidia's earnings report. Nvidia's stock price fluctuated significantly, moving from $140 in pre-market trading to $153 at the open before falling back to $143. Wall Street analysts provided mixed reactions, with Mizuho recommending buying the pullback and maintaining Nvidia as their top pick for 2024. Argus noted that Nvidia exceeded aggressive consensus estimates for fiscal Q3, while Citi highlighted positive demand read-through for enterprise servers.