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NVDA Why Nvidia's Record Earnings Failed to Enthuse the Market ?
#Nvidia delivered another impressive performance with results that exceeded expectations.
The company reported $57 billion in revenue and $51.2 billion in record data center sales in the third quarter, representing a massive 66% year-over-year increase in data center revenue.
It also boasts a strong $65 billion revenue forecast for the fourth quarter. While the stock initially jumped over 5% in response to these figures, the enthusiasm was short-lived. The market reversed course later in the day, with both the stock and the Nasdaq index closing lower. It appears that even this underwhelming performance wasn't enough to dispel the general market anxiety.
Concerns that the Fed might postpone interest rate cuts and the ongoing " #AI bubble" debate overshadowed Nvidia's stellar earnings.
$NVDAX #stocks