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Nvidia erases premarket losses as sentiment shifts on earnings beat

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NVIDIA Corp Notícia

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Despite nearly doubling sales year-on-year, Nvidia's third-quarter results show a slowdown from previous quarters.

Nvidia shares slumped in U.S. premarket trading Wednesday after the chipmaking giant reported results that beat on both the top and bottom lines.

Shares of the chipmaker added 1.12% at around 8:27 a.m. ET, paring losses from earlier in the day following the Wednesday release of Nvidia's quarterly results, which Nvidia has largely cornered the market for the high-powered chips powering the world's most advanced artificial intelligence models, such as OpenAI's ChatGPT.

 

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