Nvidia reports solid Q3, stock down as guidance underwhelms lofty expectations By Investing.com

From Investing.com: 2024-11-21 03:40:49

Nvidia’s Q3 earnings beat expectations, but Q4 guidance disappoints, causing shares to drop over 2% in after-hours trading. Data center revenue was $30.8B, up 17% from Q2 and 112% from last year. Analysts project Q4 revenue at $37.5B, with GAAP gross margins expected at 73.0%. Despite mixed reactions, analysts see strong growth potential for Nvidia in the future. Supply constraints are expected for Blackwell AI chips due to high demand.



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