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Roku Stock Down 22% Despite ‘Almost Perfect Quarter’: Analyst Expects Stock To Be ‘Range-Bound Until Platform Growth Returns’

Roku stock slid on lower early trading on Feb. 16 due to a cautionary statement on 2024 spending deceleration in the entertainment industry. Despite a Q4 earnings beat, analysts have mixed opinions on the company's future growth.

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What’s Going On With Nvidia Stock Friday?

Nvidia Corp (NVDA) will report Q4 results on Feb 21. Wedbush analyst expects strong performance and raised target price to $800. Recent earnings from CSPs show continued AI infrastructure spending. Super Micro Computer Inc also saw growth in backlog. Oppenheimer analyst projects revenue of $20.01B and EPS of $4.48. Nvidia has a broad AI ecosystem and strong margins, making it a top investment for AI growth.

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