Can skyrocketing revenues actually lead to a stock dip? Nvidiaโs latest earnings raise eyebrows and smiles!
Nvidia, the tech titan that has become synonymous with cutting-edge AI chips, has just reported staggering financial results for its third quarter of fiscal 2025. The company unveiled record quarterly revenue, hitting a whopping $35.1 billion, which marks an astonishing increase of 94% compared to the same quarter a year ago. Notably, the data center segment also showcased robust performance, with revenues climbing to $30.8 billion, a rise of 17% from the previous quarter. So, with numbers like these, one might wonder why Nvidia's stock price is taking a slight nosedive in after-hours trading?
Despite the impressive earnings, analysts have noted that investors are keeping a keen eye on forecasts and guidance for the upcoming quarters. Although Nvidia exceeded expectations and hinted at higher fourth-quarter sales, concerns linger about potential headwinds such as product production delays and the impact of new chip releases on short-term growth. Investors appear to be wanting a little more reassurance in a time when the market sentiment is as volatile as a kangaroo on a trampoline!
Across the Pacific, the Australian share market reacted cautiously after Nvidia's latest results. The ASX treads water, seemingly unimpressed by the record performance of the AI chip maker, showing how sometimes even record profits can leave investors feeling a bit flat. With Wall Street recently mixed over Nvidia's findings, Australian investors are likely pondering whether this is a classic case of "buy the rumour, sell the news," where anticipation outstrips performance.
In the tech world, there's never a dull moment! Nvidiaโs chip production is not without its complaints, particularly a rumored overheating problem with the Blackwell chip. However, the company's extraordinary growth in its AI chip sector seems to have quenched concerns, leaving many scratching their heads in disbelief that profits could correlate with a stock slump.
As a fun fact, did you know Nvidia's GPUs are used not just for gaming and AI but also for deep learning applications in medical imaging? Moreover, they have a famous motto: "The GPU is the engine of AI," with an impressive portfolio that speaks volumes. Investors might be taking a moment to reflect on Nvidia's stronghold in the tech ecosystem while contemplating whether to jump back on the bandwagon or watch cautiously from the sidelines!
The Nvidia share price is dipping in after-hours trading despite beating Q3 earnings expectations. Let's take a look.
Record quarterly revenue of $35.1 billion, up 17% from Q2 and up 94% from a year agoRecord quarterly Data Center revenue of $30.8 billion, up 17% from Q2 ...
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Nvidia stock slipped after its less-than-lofty revenue forecast failed to impress.
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Plenty of Aussie investors own Nvidia Corporation (NASDAQ: NVDA) shares, and they were keen to see the company's latest results this morning.
Nvidia (NVDA) reported third quarter earnings after the bell on Wednesday that topped expectations on the strength of sales of its high-powered AI chips ...
Nvidia noted that demand for Blackwell chips will exceed supply for several quarters into fiscal 2026.
Nvidia CEO Jensen Huang said the company's next-generation Blackwell chip is set to ship and that revenue expectations are higher than prior estimates.
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SANTA CLARA, Calif., Nov. 21, 2024 (GLOBE NEWSWIRE) -- NVIDIA will present at the following events for the financial community: UBS Global Technology...
The artificial intelligence chipmaker failed to meet lofty expectations of some investors who have made it the world's most valuable firm.
Investors are increasingly focused on the minutiae rather than the big picture with Nvidia. | Thursday 21 Nov 2024.
Investors and others should note that we announce material financial information to our investors using our investor relations website, press releases, ...
Nvidia made nearly 75 percent more revenue than Intel and AMD combined in their recently completed quarters, thanks to its continued dominance of the AI ...
That suggests a revenue boost is just being pushed down the road until the issues ease, some analysts suggested, given the dearth of sizable competitors in AI ...
The sharemarket simply shrugged as the company's chief executive, Jensen Huang, unveiled more eye-watering earnings numbers.
Nvidia reported revenue up 94%, cloud data platform Snowflake grew 29%, while AI startup BEN recorded its first significant revenue.