Reported about 1 month ago
Nvidia reported earnings that exceeded Wall Street expectations with over $30 billion in sales and doubled profits, showcasing its continued dominance in AI technology. However, shares fell by about 5% post-report as concerns about the sustainability of AI market growth and a smaller-than-expected earnings beat led to investor skepticism. Despite these, Nvidia's data center sales and ongoing demand for its chips remain strong, suggesting the company's fundamentals could stay solid amid market uncertainties.
Source: YAHOO