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Nvidia Reports Another Blowout Quarter—Here’s Why Its Stock Price Is Falling

6 0
21.11.2024

Nvidia (NVDA) is retaining its title as the darling of the A.I. revolution—at least for the time being. The Santa Clara, Calif.-based chipmaker reported record revenue yesterday (Nov. 20) for the July-September quarter that surpassed Wall Street’s already lofty expectations. Demand for Nvidia’s A.I. chips continues soaring, according to the company’s CEO Jensen Huang. “The age of A.I. is upon us and it’s large and diverse,” said Huang during an earnings call.

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Nvidia’s quarterly revenue jumped 94 percent to $35 billion while net income more than doubled to........

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