The View from 5th Avenue – 24 August 2023
Posted onThe moment every investor has been waiting for, the Powell speech at the Jackson Hole Symposium. First though, they had to wait and see what type of print Nvidia (+0.1%) was going the post, and the company did not disappoint. Q2 revenue beat the Street by $2.5b (actual was $13.51b), and they guided Q3 revenue to be $16bn (+/- 2%), also above expectations ($12.5b). But with the stock already up 222% ytd, Nvidia gradually moved lower throughout the session, closing unchanged. Broader indexes did…