From Nasdaq:



Nvidia has seen a 1.2% decrease in shares since its last earnings report, underperforming the S&P 500. However, based on its most recent earnings report, the company beat expectations and provided strong guidance for the fourth quarter. The company reported strong earnings on the basis of higher revenues and improved gross margin. Segment details show that Nvidia’s graphics segment accounted for 19% of revenues, while the compute & networking segment represented 81%. The market platform had a surge in gaming and data center revenues, with other segments also experiencing growth. The company’s balance sheet and cash flow showed increased cash reserves and operating cash flow. It is planned to pay out a dividend to shareholders and has announced positive guidance for the fourth quarter. Investors have seen an upward trend in fresh estimates and Nvidia has seen a Zacks Rank #2 (Buy), making it a promising stock for the future.



Original: Why Is Nvidia (NVDA) Down 1.2% Since Last Earnings Report?