Surprising news hits Nvidia stock price
Here’s what could be next for Nvidia stock.
Nvidia is trading lower Thursday even after reporting stronger-than-expected quarterly earnings.
The Santa Clara, Calif., AI-chip giant (NVDA) posted fiscal-Q4 revenue of $39.3 billion, a 78% surge from the year-earlier period. But growth slowed from the 265% the company posted a year earlier.
Fourth-quarter revenue from its key data-center segment, which provides chips and processors that power AI computing for megacap clients like Microsoft (MSFT) and Amazon (AMZN) , was a record $35.6 billion, up 93% from a year earlier. But again, the growth was slower than the 409% surge seen a year earlier.
