Nvidia Beats Expectations Again, But Investors Remain Unimpressed | CISNewsStudio1s

Nvidia Beats Expectations Again, But Investors Remain Unimpressed | CISNewsStudio1s

[ Please SUBSCRIBE YouTube.com/@CISNewsStudio1s our CIS News Studio 1s Channel ] Nvidia beat Wall Street’s expectations once again on Wednesday, reporting impressive earnings. The AI chipmaker reported over $30 billion in sales for its fiscal second quarter, a 122% increase from the previous year and above the $28.7 billion projected by analysts. Profits also more than doubled to $16.6 billion, exceeding the $15 billion forecast.

Despite posting better-than-expected sales guidance for the current quarter, Nvidia shares dipped by as much as 5% in after-hours trading, signaling that investors may be hard to impress after the company’s extraordinary growth streak.

Nvidia’s AI processors have fueled a surge in AI technologies and an investor craze on Wall Street, driving the company’s stock up 154% this year and over 3,000% in the last five years. With a market value now exceeding $3 trillion, Nvidia is one of only three US companies to reach this milestone.

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