Expectation is the source of all disappointment. Star Wars fans have known this since 1999.
Shares of Nvidia slumped almost 7% in after-market trading early Thursday, as the chipmaking giant led a wider slump in major AI and semiconductor stocks, as the company's outlook for the next quarter fell short of some of the more ambitious forecasts set by analysts.
Nvidia has once again turned out quarterly results that easily exceeded Wall Street's forecast s. The company has seen soaring demand for its semiconductors, which are used to power artificial intelligence applications.
The Hang Seng Index and Nikkei both slip as NVIDIA's after-hours sell-off and BoJ hawkishness weigh on market sentiment.
Losses were most pronounced in companies which had direct links to the U.S. tech giant, such as South Korean chipmakers SK Hynix and Samsung Electronics, as well as Taiwan heavyweights TSMC and Foxconn. The spillover also extended to other tech stocks in Hong Kong and Japan, although to a smaller extent.
Nvidia (NVDA) shares tumbled in extended trading on Wednesday after the artificial intelligence (AI) darling's quarterly earnings topped expectations but left investors disappointed as the latest numbers pointed to slowing growth. The chipmaker has wowed Wall Street in recent quarters with blowout earnings reports fueled by insatiable demand for AI, setting a high bar for the latest earnings release.
Nations building artificial intelligence models in their own languages are turning to Nvidia's chips, adding to already booming demand as generative AI takes center stage for businesses and governments, a senior executive said on Wednesday.
Nvidia CEO Jensen Huang defended production problems in a post-earnings call interview with Bloomberg TV. The tech company beat revenue estimates but acknowledged production issues with its Blackwell chip.
Nvidia posted strong second-quarter numbers, more than doubling revenue during the same period last year. But the numbers were largely expected as tech companies continue to invest in AI.
After Nvidia (NVDA) posted better-than-expected quarterly results, CEO Jensen Huang and CFO Colette Kress gave investors an update on the strength of demand for the company's artificial intelligence (AI) chips, plans for its Blackwell shipments, and more in the company's earnings call.
NVIDIA Corporation (NASDAQ:NVDA ) Q2 2025 Earnings Conference Call August 28, 2024 5:00 PM ET Company Participants Stewart Stecker - Investor Relations Colette Kress - Executive Vice President and Chief Financial Officer Jensen Huang - President and Chief Executive Officer Conference Call Participants Vivek Arya - Bank of America Securities Toshiya Hari - Goldman Sachs Joe Moore - Morgan Stanley Matt Ramsay - TD Cowen Timothy Arcuri - UBS Stacy Rasgon - Bernstein Research Ben Reitzes - Melius C.J. Muse - Cantor Fitzgerald Aaron Rakers - Wells Fargo Operator Good afternoon.
Nvidia's Q3 revenue forecast was not good enough for Wall Street's raging bulls. Analysts quizzed CEO Jensen Huang on where the payback is going to come from huge AI spending.