Reported about 1 month ago
Nvidia reported robust second-quarter earnings, surpassing revenue estimates with $30.04 billion, yet its stock dropped over 5% due to a Q3 revenue guidance of approximately $32.5 billion, which fell short of Wall Street’s highest forecasts. CEO Jensen Huang emphasized strong demand for existing Hopper chips and optimistic prospects for the upcoming Blackwell chips, despite production challenges affecting gross margins. Analysts remain divided, with some viewing the earnings as a positive indicator of sustained AI demand, while others express caution over potential disappointments.
Source: YAHOO