Nvidia (NVDA) came out with quarterly earnings of $0.68 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.27 per share a year ago.
Nvidia's second quarter earnings beat Wall Street analysts' expectations, with total sales and revenue from data centers coming in ahead of estimates amid strong demand for AI chips.
With the Federal Reserve ready to start cutting interest rates, smaller stocks could take the lead.
Nvidia (NVDA) reported better-than-expected revenue and earnings for the second quarter of fiscal 2025, though the pace of its growth slowed. Shares fell in extended trading Wednesday following the release.
Wednesday evening, computer chip and software maker Nvidia announced it made $30 billion in revenue last quarter — double what it made a year ago, and beating Wall Street expectations.
Shares of Nvidia and other technology heavyweights fell late on Wednesday, a discouraging sign for investors betting that a strong forecast from the dominant seller of AI chips would fuel fresh gains in Wall Street's most valuable companies.
Nvidia reported Q2 results that comfortably beat the average Wall Street target and its own guidance. Data center growth continues to power incredible performance for the AI leader.
Nvidia Corporation reported strong Q2 earnings, but growth has slowed compared to previous quarters, leading to a 5% drop in after-hours trading. The data center segment drove significant revenue growth, but Nvidia's heavy reliance on this unit poses risks if it slows down. Gross margins declined sequentially, and the new $50 billion buyback authorization is unlikely to significantly impact Nvidia's share count.
A look at the day ahead in Asian markets.
Nvidia has reported an extraordinary surge in its financial performance, revealing a 122% increase in revenue over the last three months. The chipmaker recorded $30.04 billion in revenue, significantly outpacing the $28.7 billion expected by analysts.
Investors had lofty expectations from the chipmaker, following a more than seven-fold surge in Nvidia's shares over the last two years.
Record Q2 revenue of $30.0 billion, up 122% year-over-year. GAAP gross margin at 75.1%, slightly above expectations.