NVIDIA Corp (NASDAQ:NVDA) is seeing its stock slide as investors look past 2026 and fixate on uncertainty surrounding 2027, according to Gene Munster.
Strong Earnings, Weak Stock Reaction
Munster noted that shares of the chip designer fell about 9% in the two sessions following earnings, compared with a roughly 2% decline in the Nasdaq Composite.
In a blog post, Munster argued that accelerating revenue is no longer the primary catalyst. Instead, investors are increasingly focused on what growth looks like in 2027.
Street estimates for 2027 call for about 31% growth, up from earlier projections.
“The debate is whether those numbers are too low or still too uncertain for investors to underwrite today,” Munster said.
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