The one thing concerning Wall Street about Nvidia amid their glowing post-earnings analysis

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There's one figure in Nvidia's earnings report that has some analysts sounding the alarm.

There's one figure in Nvidia 's earnings report that has some analysts worried: gross margins. The chipmaker fell 3% on Thursday even after topping Wall Street's fiscal second-quarter estimates and issuing stronger-than-expected current-quarter guidance. Many analysts attributed the post-print move to a subpar forecast that failed to please elevated investor expectations , and a decline in gross margins as the company ramps new data center products.

mountain Nvidia shares fall after earnings Lower gross margins could temper earnings growth in the near term, according to Stifel's Ruben Roy. Morgan Stanley's Joseph Moore, meanwhile, adjusted his gross margin estimate to 74% for the 2025 calendar year. But, he highlighted previous margin pressure warnings from Nvidia when it first announced Blackwell.

 

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