"The numbers are stellar," Jacob Bourne, an analyst for Emarketer, told Business Insider. "The problem is that investors keep raising the bar on Nvidia each quarter, and the expectations have become unrealistic."
Daniel Newman, CEO of The Futurum Group, stated that the second quarter numbers Nvidia showed were strong "but that level of good was already priced in" by investors.
Nvidia projected $32.5 billion in revenue for the next quarter, showing that AI demand is still high, but investor expectations are causing market challenges.
Despite reporting $30.04 billion in revenue—more than doubling from last year—Nvidia's stock fell 6.9% in after-hours trading, reflecting market’s tempered reaction.
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