Apple did the same thing, so did activions, despite both earnings reports being very questionable.
I foresee the strong possibility that NVDA will do the same. Questionable report due largely to the crypto fiasco. But the stock will still jump on the account that its tremendously oversold
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Apple on questionable earnings
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ATVI on horrible earnings report
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Nevermind it wasnt horrible, but the many stocks seem to be jumping after earnings especially if at the bottom of a significant correction
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i Assumed correctly. Nvdia pops 8% on earnings report because estimates were so weak to start off. Obviously it was going to be an earnings beat.
be warned however this is a short term signal and will most defenetly be a dead cat bounce. Take profits early and dont be greedy.