Reported about 1 month ago
Nvidia reported a remarkable 122% year-over-year revenue increase, reaching $30 billion, yet its stock dropped 3% due to lower-than-expected guidance and market expectations. Despite strong performance in its data center revenue, which grew 154%, investor sentiment was cautious as analysts noted a convergence of expectations after several quarters of better-than-anticipated results. CEO Jensen Huang reassured stakeholders about continued demand and future revenue growth, particularly from its upcoming Blackwell chip.
Source: YAHOO