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Snapshot 2:Thu, Aug 29, 2024 5:50:50 PM GMT last edited by Harish Chander

Despite Record Sales, Nvidia Stock Falls And Takes Down Others

Despite Record Sales, Nvidia Stock Falls And Takes Down Others

Above: **Watermarked Getty Image. Kindly Replace** Image copyright: Justin Sullivan/Staff/Getty Images News via Getty Images

The Facts

  • NVidia shares fell around 3% Thursday, underwhelmed by the firm's third-quarter forecast and despite its second-quarter results beating expectations.

  • The chipmaker's shares had fallen around 6% on Wednesday after its second-quarter results showed revenues rising 122% over the same period last year.

  • Nvidia, which briefly became the S&P 500's most valuable firm in June, grossed $30B in the second quarter, expecting the third-quarter figure to hit $32.5B.


The Controversies



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