Nvidia Gets a Musk Boost. Focus on Blackwell AI Chips Rollout as Stock Rally Stalls.
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Nvidia's third-quarter results showed impressive revenue growth, nearly doubling from the previous year. However, the company's guidance fell short of some analysts' expectations, causing its stock rally to stall.
November 22, 2024 | 9:00 am
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Nvidia reported impressive Q3 revenue growth, nearly doubling from the previous year. Despite this, the company's guidance did not meet some analysts' expectations, leading to a stall in its stock rally.
Nvidia's strong revenue growth is a positive indicator, but the weaker-than-expected guidance has tempered investor enthusiasm, leading to a neutral short-term impact on the stock price.
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