Reported about 1 month ago
Nvidia's latest quarterly results fell short of investor expectations, resulting in an 8.4% drop in stock price during late trading. Although the company surpassed many estimates, concerns over the production challenges of its new Blackwell processors dampened investor sentiment. Nvidia's revenue forecast for the third quarter of approximately $32.5 billion failed to impress, overshadowed by high market expectations. The challenges with Blackwell's manufacturing could pose risks to Nvidia's position in the booming AI market, though the CEO remains optimistic about future growth and market demand.
Source: YAHOO