Nvidia stock dips on earnings despite eye-popping 94% revenue growth as AI demand holds strong
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Nvidia's stock experienced a dip despite reporting a 94% revenue growth, surpassing analysts' estimates, driven by strong AI demand.
November 21, 2024 | 3:00 pm
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Nvidia's stock dipped despite a significant 94% revenue growth and surpassing analysts' estimates, driven by strong AI demand.
Despite Nvidia's impressive 94% revenue growth and beating analyst expectations, the stock dipped, indicating potential profit-taking or market expectations being even higher. The strong AI demand is a positive long-term indicator, but short-term stock movement suggests a negative reaction.
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