Published • loading... • Updated
Nvidia earnings and guidance beat expectations, stock slips after hours
The chipmaker said data center revenue hit $75.2 billion and announced an $80 billion buyback, but investors still sent the stock lower.
- Nvidia CEO Jensen Huang announced record quarterly results on Wednesday, with revenue hitting $81.6 billion and profit soaring to $58.3 billion, driven by surging demand for AI chips.
- Nvidia's data-center division led the growth, with revenue reaching $75.2 billion, a 92 percent increase year-on-year, reflecting the company's central role in the AI infrastructure boom.
- In a sweetener for shareholders, Nvidia raised its quarterly dividend to 25 cents per share and announced an $80 billion share buyback plan, though operating expenses rose 49 percent to $7.75 billion.
- Despite beating expectations, Nvidia's shares fell nearly 1.3 percent in after-hours trading, signaling investor concerns about sustaining growth at the company's $5.4 trillion valuation.
- Facing increased competition from rivals AMD and Cerebras, Nvidia noted it now holds zero market share in China, complicating its path to sustaining record growth rates.
Insights by Ground AI
Podcasts & Opinions
177 Articles
177 Articles
But the prospects disappoint the market
·Italy
Read Full Article
According to Nvidia's latest quarterly figures, the leading US analysts are optimistic and partly significantly increase their price targets. Especially the strong outlook, share buybacks and a higher dividend provide tailwind.
·Berlin, Germany
Read Full Article
Coverage Details
Total News Sources177
Leaning Left25Leaning Right35Center28Last UpdatedBias Distribution40% Right
Bias Distribution
- 40% of the sources lean Right
40% Right
L 28%
C 32%
R 40%
Factuality
To view factuality data please Upgrade to Premium
