CosmicTaco

Nvidia Shares Fall Despite Beating Q2 Expectations; Announces $50B Buyback

CosmicTaco · 2024-08-29T17:09:34.171622+05:30

- Nvidia shares fell 4.6% in premarket trade on Thursday despite beating fiscal Q2 estimates. - The company's gross margin dipped slightly, overshadowing its revenue beat. - Nvidia forecasted Q3 revenue in line with market estimates, failing to impress investors. - Global chip stocks also fell following Nvidia's results. - Market analysts suggest the fall may be due to concerns over future growth rates.

Nvidia shares fell 4.6% in premarket trade on Thursday despite beating fiscal Q2 estimates.
The company's gross margin dipped slightly, overshadowing its revenue beat.
Nvidia forecasted Q3 revenue in line with market estimates, failing to impress investors.
Global chip stocks also fell following Nvidia's results.
Market analysts suggest the fall may be due to concerns over future growth rates.