Nvidia shares down 4.6% in premarket trade despite market-beating earnings

Nvidia shares fell 4.6% in U.S. premarket trade on Thursday despite its fiscal second-quarter results beating estimates. But expectations for the chipmaker remain very lofty.

The pullback in the stock on Thursday also comes after a meteoric rally. This year, Nvidia's shares have risen more than 150%.Streaming 24/7: Watch NBC 5 local news and weather for free wherever you are Meanwhile, the company said that gross margins would be in the"mid-70% range" for the full year. Analysts were expecting a full-year margin of 76.4%, according to StreetAccount.that Nvidia would have had to beat all expectations by a long way, in order to see a pop in the stock after the numbers.The pullback in the stock on Thursday also comes after a meteoric rally, with Nvidia's shares rising more than 150% this year to date.

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Investing.com Poll: Where will Nvidia stock open on Thursday after earnings?Investing.com Poll: Where will Nvidia stock open on Thursday after earnings?
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Thursday's analyst calls: Bullish ahead of Nvidia earnings, beauty stock upgradedA chipmaker and a beauty stock were among the stocks being talked about by analysts on the Street.
Fuente: CNBC - 🏆 12. / 72 Leer más »

Intel's 21.5% share plunge drags global chip stocks; Nvidia falls 3.5% in premarket tradingAsian stocks including Samsung and TSMC closed lower as European chip firms including ASML also dropped.
Fuente: CNBC - 🏆 12. / 72 Leer más »

Nvidia shares down 4.6% in premarket trade despite market-beating earningsNvidia shares fell 4.5% in U.S. premarket trade on Thursday despite its fiscal second-quarter results beating estimates.
Fuente: NBCNewYork - 🏆 270. / 63 Leer más »