Nvidia's stock fell due to concerns about declining gross margin despite strong earnings

From Nasdaq: 2024-09-03 04:30:00

Nvidia’s stock fell 11% after a strong earnings report, citing concerns over gross margin. Revenue increased by 122%, but gross margin declined to 75.1% from 78.4%. The company noted the decline was due to Blackwell chip delays and new product inventory provisions. Investors should watch margin trends as competition in AI accelerators heats up.



Read more at Nasdaq: Should Nvidia Investors Worry About Its Declining Gross Margin?