NVIDIA Shares Drop Despite Earnings Beat! 📉

Published: Aug 28, 2024 Duration: 00:00:57 Category: Sports

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[Music] I'm sure you've heard the news nvidia's earnings were off the charts so why did the stock take a dip nvidia's stock took a surprising dip in pre-market trading despite smashing Revenue expectations for Q2 they reported a staggering 122% year-on-year Revenue growth hitting over $30 billion so why the slump well it boils down to a slightly lower gross margin and Sky High valuations investors had Skyhigh Hopes And even a small Miss can send ripples in 's projected Q3 revenue of $32.5 billion shows growth but at a slower Pace despite this nvidia's shares have surged over 150% year-to dat thanks to the AI boom their gpus are crucial for training large AI models making them a hot commodity as Tech Giants ramp up their AI Investments so while the stock might be down today nvidia's long-term prospects still look electric stay tuned for more updates on this Tech Titan

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