Nvidia's Q3 2024 earnings exceeded expectations, but concerns over Blackwell chip issues and inventory shifts are affecting the forward outlook on growth. Revenue and gross profit are trending to nearly double FY 2024 levels, but operating expenses are trending high as well. Blackwell chips face overheating issues, potentially affecting adoption rates and giving rivals like AMD and Sambacore time to catch up.
As I type this after hours on Wednesday, shares of Nvidia Corporation NVDA are down about 1% in the post-market after the company posted a modest earnings beat, but guidance a bit lower than the Street expected.
Two big questions: How does the tech giant grow fast enough to satisfy Wall Street — and how long will that take?
Nvidia stock dipped immediately after the company released its latest financial results on Nov. 20, but that might be a golden buying opportunity.
Nvidia Stock vs. Taiwan Semiconductor Stock: Billionaire Ken Griffin Buys One and Sells the Other
The company's third-quarter numbers were stunning, as it nearly doubled its revenue from the prior year. However, its guidance wasn't as strong as some analysts had expected.
Jensen Huang Just Delivered Fantastic News for Nvidia Investors
In an exclusive interview on 'The Claman Countdown,' Nvidia CEO Jensen Huang talks speeding up chip supply, the company's 'incredible' demand and how they're leading the age of A.I. #FOXBusiness
Nvidia (NVDA) handily topped earnings estimates for the third quarter with revenue up 94% year-over-year, but the stock dipped over the chip giant's fourth quarter forecasts. Moor Insights & Strategy Founder, CEO, and Chief Analyst Patrick Moorhead reacts to Wednesday's results and the subsequent stock response.
'Mad Money' host Jim Cramer looks at Nvidia results and what they say about the trajectory of the stock.
'Mad Money' host Jim Cramer looks at Nvidia results and what they say about the trajectory of the stock.