The Santa Clara, Calif.-based chip firm’s share price fell as much as 7.1 per cent in Thursday trading on the Nasdaq. On Wednesday, Nvidia reported earnings per share of US$0.67 for the second quarter, up 168 per cent year over year, on US$30 billion in revenue, up 122 per cent year over year. (The Logic)
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The Santa Clara, Calif.-based chip firm’s share price fell as much as 7.1 per cent in Thursday trading on the Nasdaq. On Wednesday, Nvidia reported earnings per share of US$0.67 for the second quarter, up 168 per cent year over year, on US$30 billion in revenue, up 122 per cent year over year. (The Logic)
Talking point: The firm’s earnings report, increasingly seen as a bellwether for the AI industry, handily beat analysts’ consensus estimates of US$0.65 a share and US$28.7 billion in revenue, respectively, as compiled by FactSet. But its stock fell as Nvidia forecast US$32.5 billion in sales for the third quarter, still above the collective US$31.7 billion expectation but seemingly not by enough. The company is also making changes to increase production of its much-anticipated new Blackwell hardware systems. Nvidia has been the big winner of the AI boom—soaring sales of its chips to data centre operators drove its growth.
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