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CosmicTaco
CosmicTaco
Grapevine

Nvidia Beats Expectations, But Stock Dips on Slowing Growth

  • Nvidia's Q2 chip sales doubled to $30 billion, projecting $32.5 billion next quarter
  • Revenue forecast beat Wall Street expectations for 8th straight quarter
  • Stock fell 6% in after-hours trading despite strong performance
  • Analysts cite profit-taking and slimmer margin of expectations beat as reasons for dip
  • Smaller rivals developing specialized chips to challenge Nvidia's AI market dominance

Source: Semafor

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11mo ago
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