News Formal

Nvidia shares down 3% in premarket trade despite market-beating earnings

  • 📰 CNBC
  • ⏱ Reading Time:
  • 48 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 53%
  • Publisher: 72%

United States Nyheter

NVIDIA Corp,Earnings,Taiwan Semiconductor Manufacturing Co Ltd

Nvidia shares fell 4.5% in U.S. premarket trade on Thursday despite its fiscal second-quarter results beating estimates.

Nvidia shares fell 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%.A binary code is displayed on a laptop screen in the background, while the Nvidia logo is showcased on a phone on April 28, 2024.The company's stock was down 4.6% in early premarket deals, but had pared losses to slide 2.77% at 10:24 London time .It was the fourth-straight quarter of triple-digit revenue growth.

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 current fall in Nvidia's share price also weighed on shares of semiconductor firms around the world, with big names including memory maker Samsung and chip manufacturer

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Investing.com Poll: Where will Nvidia stock open on Thursday after earnings?Investing.com Poll: Where will Nvidia stock open on Thursday after earnings?
Källa: Investingcom - 🏆 450. / 53 Läs mer »

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.
Källa: CNBC - 🏆 12. / 72 Läs mer »

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.
Källa: CNBC - 🏆 12. / 72 Läs mer »

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.
Källa: NBCDFW - 🏆 288. / 63 Läs mer »

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.
Källa: NBCNewYork - 🏆 270. / 63 Läs mer »