Nvidia Shatters Revenue Records With A Staggering $30 Billion Quarter Yet Sees Stock Prices Slide - Setting The Stage For A Game-Changing Chip Release
Portfolio Pulse from Zaheer Anwari
Nvidia reported a 122% increase in Q2 revenues, reaching $30 billion, surpassing expectations. Despite strong financials, Nvidia's stock fell 6% in after-hours trading, likely due to high market expectations. The company plans to launch the Blackwell chip in Q4, expected to boost revenue further.
August 30, 2024 | 1:44 pm
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Nvidia's Q2 revenue surged 122% to $30 billion, exceeding expectations. Despite this, the stock fell 6% after-hours, likely due to high market expectations. The upcoming Blackwell chip launch in Q4 is anticipated to drive further revenue growth.
Nvidia's strong Q2 financial performance, with a 122% revenue increase, exceeded expectations. However, the stock fell 6% after-hours, likely due to high market expectations. The anticipated launch of the Blackwell chip in Q4 is expected to drive further revenue growth, which could positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100