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Nvidia reported its second quarter earnings after the bell Wednesday that again blew away estimates, sending shares to a record high in after-hours trading.
Nvidia shares whipsawed in early after-hours trading as investors digested the numbers, before rising more than 10% by 5 p.m. ET. Huang, who is also a cofounder of Nvidia, said that the earnings ...
Nvidia's stock fell 2% in volatile after-hours trading shortly after the results and was trading down more than 1% as the analyst call concluded. The stock is up 194% so far in 2024.
The stock slides in after-hours trading after the Q3 revenue forecast fails to top the most sky-high of analysts' expectations. Nvidia forecast third-quarter revenue of roughly $32.5 billion.
Last quarter, Nvidia shares rose just 0.5% the day after it reported. In the period before that, the stock slumped 6.3%. In both instances, the S&P 500 was little changed.
Wall Street is watching. Shares of the company are down over 5% year to date. Big Tech has struggled at the start of the year, with Google parent Alphabet (GOOG, GOOGL) off nearly 7%, Amazon down ...
Nvidia reported adjusted earnings per share of $0.68 on revenue of $30 billion in its fiscal second quarter. Analysts were expecting EPS of $0.64 and revenue of $28.8 billion.
Nvidia stock also rose on news that one of its ... analysts see Nvidia’s adjusted quarterly earnings rising 85% from the year-ago period to $0.74 per share and revenue rising roughly 84% to $33. ...
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