• last month
Nvidia's third-quarter earnings showed revenue had almost doubled over the previous year but its stock price fell slightly on the news.
Transcript
00:00U.S. chip designer NVIDIA has released its latest earnings report, showing solid growth
00:05but failing to impress investors.
00:08The California-based company reported third-quarter revenue of more than US$35 billion, nearly
00:14double the previous year's figure and up 17% from last quarter.
00:19Revenue was driven mostly by sales of AI chips for data centers.
00:24Despite the positive earnings report, shares in the world's most valuable company dropped,
00:28plunging 5% at one point, before mostly recovering.
00:33The company has faced supply chain issues due to the high demand and limited capacity
00:37of Taiwan's chipmaker TSMC, which manufactures NVIDIA's chips.

Recommended

0:58
I
Up next
Morgan Stanley Upgrades Nvidia, Sees Outperformance In 2019
Investing.com
0:54
Passenger plane flying from Azerbaijan to Russia crashes in Kazakhstan
The Star
0:32
Nvidia Sees Volatile Trading As Investors Eye Challenges For The AI Chipmaker
Benzinga
0:35
Nvidia To Report Q3 Earnings Amid AI Chip Market Dominance
Benzinga
1:01
Nvidia’s Shocking Stock Drop: AI Giant Faces Wall Street Pressure!
WooGlobe
0:38
Nvidia Posts Impressive $30 Billion in Q2 Sales, but Shares Slip 5%. Are Investors Souring on the AI Chip Giant
Benzinga
0:41
Nvidia Plunges Nearly 10% To Sub-$100 Level, Leading Other Semiconductor Stocks Lower In Premarket: Why Their Chips Are Down
Benzinga
0:32
Nvidia Falls 3% After Earnings Beat Expectations But Falls Short of Wall Street’s Sky-High Growth Projections
Benzinga
0:41
Jim Cramer Stays Bullish On Nvidia, Sees Chipmaker's Dip As A Buy Despite Chip Concerns. 'Minutiae Can Shake You Out Of Tremendous Investments.'
Benzinga
0:47
Nvidia Falls Into Correction, Broadcom Slips Slightly After Premarket Rise
Benzinga
0:52
Nvidia Shares Riding On Huge AI Tailwind, Says Portfolio Strategist: Why Expert Says Stock Will Stay On An Upward Path For Next 2-3 Years
Benzinga
0:35
Nvidia Faces Key Test With Q3 Report As Investors Eye AI Growth
Benzinga
0:50
Nvidia Briefly Surpasses Amazon's Market Cap as Stock Continues Meteoric Rise
Benzinga
0:43
Nvidia's 'Hyperfocused' Investors Might Trigger Negative Stock Trend After Earnings, Says Gene Munster: Here's Why
Benzinga
0:35
Nvidia Surpasses Apple in Market Cap Amid AI Chip Demand, Eyes Key Support Levels
Benzinga
0:43
Nvidia Slumps Nearly 5% In Premarket, Dragging Down Super Micro, Micron And Other Peers: What's Going On?
Benzinga
0:49
Nvidia Down About 10% From All-Time Highs: Prominent Trader Says He Has Cashed Out Of The Stock Barely A Week Ahead Of Earnings And Will 'Decide On Re-entering' Later
Benzinga
0:33
Nvidia Stock Poised For a Nearly $300 Billion Market Jolt As Q2 Earnings Loom, Says Goldman Sachs: 'Can You Imagine If NVDA Beats Expectations?'
Benzinga
0:39
Nvidia Shares Drop 6% After Reporting Record Revenues. Can the Chip Giant Sustain Its Dominance?
Benzinga
0:39
Nvidia Hits Record Close, Fueled by AI Spending. Investors Anticipate Earnings Season From Major Tech Customers.
Benzinga
0:45
Nvidia Stock Slips Following Reports Of Overheating Blackwell AI Servers
Benzinga
0:45
Is Nvidia Stock Hitting A Bear Market? Shares Drop 7% After Microsoft CEO Satya Nadella Signals Shift In AI Chip Demand
Benzinga
0:37
Short Bets Against Nvidia at Nearly $34 BILLION, More Than Apple and Tesla Combined
Benzinga
0:41
Nvidia Stock Surges 170% in 2024 As Demand For Blackwell Chips Exceeds Supply
Benzinga
0:43
Is Nvidia Stock Worth Holding on To?
Cheddar News