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Nvidia earnings and guidance beat expectations, stock slips after hours
- Nvidia CEO Jensen Huang announced record quarterly results on Wednesday, with revenue hitting $81.6 billion and profit soaring to $58.3 billion, driven by surging demand for AI chips.
- Nvidia's data-center division led the growth, with revenue reaching $75.2 billion, a 92 percent increase year-on-year, reflecting the company's central role in the AI infrastructure boom.
- In a sweetener for shareholders, Nvidia raised its quarterly dividend to 25 cents per share and announced an $80 billion share buyback plan, though operating expenses rose 49 percent to $7.75 billion.
- Despite beating expectations, Nvidia's shares fell nearly 1.3 percent in after-hours trading, signaling investor concerns about sustaining growth at the company's $5.4 trillion valuation.
- Facing increased competition from rivals AMD and Cerebras, Nvidia noted it now holds zero market share in China, complicating its path to sustaining record growth rates.
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According to Nvidia's latest quarterly figures, the leading US analysts are optimistic and partly significantly increase their price targets. Especially the strong outlook, share buybacks and a higher dividend provide tailwind.
·Berlin, Germany
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Coverage Details
Total News Sources175
Leaning Left25Leaning Right34Center28Last UpdatedBias Distribution39% Right
Bias Distribution
- 39% of the sources lean Right
39% Right
L 29%
C 32%
R 39%
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