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Nvidia Hammered By Wall Street For Flat Revenue Projections

Following yesterday's earnings release in which it posted healthy revenue gains that were undercut by a one-time charge to exchange its employees' underwater stock options, shares of Nvidia are way down in midday trading.
Many analysts downgraded the stock today, noting that Nvidia had predicted flat revenues for the current quarter. As a result, Nvidia shares have fallen 20% since trading began today, and stand at $11.60 as of 2:50pm EST.

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