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Nvidia shares are down after a Baird analyst cut estimates for the stock.
BRIAN SOZZI: All right, before we head to break, let's take a look at shares of NVIDIA, which is seeing another day of cautious commentary from Wall Street ahead of earnings. Baird analyst Tristan Gerra cut his estimates on NVIDIA, saying he is seeing persistent excess inventories of chips in the industry, uncertainties around the timing of new products from NVIDIA, and weakening demand for graphic cards. Gerra reiterating a neutral rating on the stock. NVIDIA shares are down about 50% year to date.