Nvidia Posts Record $57 Billion Revenue as Market Recoils on Growth Fears
Despite beating expectations and guiding for $65 billion next quarter, shares slid 3% on "capex fatigue.
Nvidia reported fiscal third-quarter revenue of $57.0 billion, shattering analyst expectations and posting a 62% increase year-over-year. The results confirmed that demand for AI infrastructure remains insatiable, yet Wall Street responded with a sharp sell-off, sending shares down 3.2% and dragging the Nasdaq Composite lower by 2.2%.
The "Sell the News" Dynamic
The market reaction highlights a growing disconnect between operational fundamentals and investor sentiment. While Nvidia delivered a beat on both top and bottom lines—with Data Center revenue alone reaching $51.2 billion—traders focused on sequential deceleration and specific weak points. * Networking Dip: Revenue from networking products (InfiniBand/Ethernet) …
Archive Access
This article is older than 24 hours. Create a free account to access our 7-day archive.