Nvidia stock

2024 - 8 - 28

Nvidia Stock Takes a Dive: Even Good News Can't Keep It Afloat!

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Despite beating Wall Street estimates, Nvidia's stock takes a surprising dive! What's going on in the world of chips and AI? Click here to find out!

Nvidia, the tech titan at the forefront of the AI revolution, recently reported their second-quarter earnings, and while they exceeded Wall Street estimates, the stock has surprisingly slipped. For the three months ending July 28, 2024, Nvidia posted a whopping $30 billion in revenue, marking a stunning leap of 122% compared to the same period last year. Investors had high hopes, particularly with recent buzz about the chipmaker's role in the artificial intelligence boom. Analysts were primed, but it seems like stock reactions can be as unpredictable as a moose on skates!

So, what's the scoop? While Nvidia's profits soared—signaling a solid performance in the chipmaking arena—the stock price took a hit in after-hours trading. Why? Some analysts suggest that the optimistic revenue guidance of $32.5 billion for Q3 2024, which beats expectations by $700 million, might not have been enough to satiate investor appetite. It's almost like cooking a gourmet meal only to have your guests still asking for takeout! The stock market can be a funny place, and even when good news rolls in, sometimes the reaction is akin to spilling syrup on pancakes—sticky and hard to comprehend.

Adding to the drama, Nvidia announced a massive $50 billion stock buyback. This move is part of their strategic plan to enhance shareholder value and indicates that the company is confident in its future. Funny enough, that $50 billion could buy a lot of moose burgers or a whole herd of those famed Canadian creatures! Nvidia's persistence in leading the AI charge alongside tech giants has made observers sit up and take notice, and it seems the tech sector is holding its breath, watching how Nvidia's next moves will impact the market.

In related news, Nvidia is not just a key player in the AI field but also navigating the waters of chip demand amid global shortages. Much like trying to find a parking spot at a crowded mall, the competition is fierce. On a lighter note, did you know Nvidia's CEO, Jensen Huang, once famously compared the growth of AI to the arrival of electricity? It just goes to show that when it comes to innovation, we're always just getting warmed up! The stock may be slipping today, but Nvidia's future possibilities remain as thrilling as a hockey game at the Rogers Centre!

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Nvidia stock stock slips even after earnings top Wall Street estimates ... (ElliotLakeToday.com)

LOS ANGELES (AP) — Nvidia may have exceeded Wall Street estimates as its profit jumped — buffeted by the chipmaking dominance that has cemented Nvidia's ...

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Image courtesy of "Forbes"

Nvidia Stock Down After Hours Despite Q2 Earnings Beat And Raise (Forbes)

Q3 2024 revenue guidance: $32.5 billion — $700 million more than the $31.7 billion analysts' consensus, according to CNBC.

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Image courtesy of "NVIDIA Blog"

NVIDIA Announces Financial Results for Second Quarter Fiscal 2025 (NVIDIA Blog)

NVIDIA today reported revenue for the second quarter ended July 28, 2024, of $30.0 billion, up 15% from the previous quarter and up 122% from a year ago.

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Nvidia to report latest earnings. Here's why markets are watching ... (Globalnews.ca)

Nvidia has led the artificial intelligence boom to become one of the stock market's biggest companies, as tech giants continue to spend heavily on the ...

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Image courtesy of "The Globe and Mail"

Nvidia Stock Investors Just Got Spectacular News From OpenAI (The Globe and Mail)

With me on today's call are Pierre Naude, nCino's chairman and chief executive officer; and Greg Orenstein, nCino's chief financial officer. During the course ...

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Nvidia Earnings: Why the Stock Is Dropping on Strong Q2 Results ... (Barron's)

Follow live coverage and analysis of Nvidia's second-quarter earnings report, earnings call, and stock reaction.

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Nvidia announces $50 billion stock buyback (CNBC)

The computer chip giant announced the share repurchase as part of its fiscal second quarter earnings, in which it reported earnings and guidance that surpassed ...

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Nvidia Stock: AI Powerhouse Set To Report Earnings (Live Coverage) (Investor's Business Daily)

AI chip leader Nvidia will report fiscal Q2 results after the market close on Wednesday. The news could be a catalyst for Nvidia stock.

Nvidia Stock Investors Just Got Spectacular News From OpenAI (The Globe and Mail)

Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what ...

Here's how Nvidia stock is expected to react after Q2 earnings - poll (Baystreet.ca)

Investing.com -- Ahead of Nvidia's much-anticipated earnings report on Wednesday, Investing.com conducted a poll to gauge investor expectations for the ...

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Nvidia Stock Weighs on Tech Sector Ahead of Earnings (Investopedia)

Tech stocks slumped on Wednesday ahead of a quarterly earnings report from Nvidia that some investors consider the biggest stock-market event of the year.

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Image courtesy of "CNBC"

S&P 500, Nasdaq close lower Wednesday, Nvidia tumbles before ... (CNBC)

S&P 500, Nasdaq close lower Wednesday, Nvidia tumbles before earnings: Live updates ... A trader works on the floor at the New York Stock Exchange on Aug. 28, ...

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Nvidia, the 'most important stock in the world,' reports Q2 earnings ... (Fortune)

Investors are praying for good news when Nvidia CEO Jensen Huang reports second-quarter results that could make or break a bull market rally in tech stocks.

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Nvidia stock slips even after earnings top Wall Street estimates and ... (ElliotLakeToday.com)

By comparison, S&P 500 companies overall are expected to deliver just 5% growth in revenue for the quarter, according to FactSet. Still, Nvidia shares slipped ...

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Nvidia stock stock slips even after earnings top Wall Street estimates ... (Powell River Peak)

LOS ANGELES (AP) — Nvidia may have exceeded Wall Street estimates as its profit jumped — buffeted by the chipmaking dominance that has cemented Nvidia's ...

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Image courtesy of "The Globe and Mail"

Nvidia Stock Investors Just Got Spectacular News From OpenAI (The Globe and Mail)

In today's video, I discuss recent updates affecting Nvidia (NASDAQ: NVDA). Check out the short video to learn more, consider subscribing, and click the ...

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Why Is Nvidia Stock Down After Reporting Parabolic Growth? (Motley Fool)

The chipmaker has been powering the AI revolution, but sometimes strong growth simply isn't enough.

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Nvidia stock slips even after earnings top Wall Street estimates and ... (ElliotLakeToday.com)

By comparison, S&P 500 companies overall are expected to deliver just 5% growth in revenue for the quarter, according to FactSet. Still, Nvidia shares slipped ...

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Nvidia stock falls despite revenue soaring 122pc (Siliconrepublic.com)

Nvidia continues to see massive revenue boosts thanks to the AI boom and earned $30bn last quarter, but its stock price still dropped.

NVIDIA Stock Down Despite Strong Q2 Results, $50 Bln Buyback (RTTNews)

Shares of Nvidia Corp. were losing nearly 5 percent in the pre-market activity on the Nasdaq after the artificial intelligence or AI chipmaker issued ...

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Nvidia shares dip in premarket trade despite earnings beating ... (CNBC)

Nvidia shares fell in premarket trading on Thursday despite its fiscal second-quarter results beating estimates.

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Nvidia's subdued forecast dampens enthusiasm in AI chip stocks ... (CTV News)

Nvidia shares pared some losses in premarket trading on Thursday, shaking off an earlier decline as investors stayed confident about the chip giant's growth ...

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Nvidia Stock Drops Despite Bullish Analyst Calls For AI Chipmaker (Investor's Business Daily)

A host of Wall Street firms raised their price targets on Nvidia stock after the company's beat-and-raise quarterly report.

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Analysts overhaul Nvidia stock price targets after Q2 earnings (Yahoo Finance)

Nvidia CEO Jensen Huang said demand for its new line of Blackwell GPUs is 'incredible'.

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Why Nvidia Stock Is Falling Today (Motley Fool)

Nvidia (NVDA -3.63%) stock is falling Thursday following the release of the company's second-quarter earnings results. The artificial intelligence (AI) ...

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