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On August 28, The Wall Street Journal disclosed that following a period of explosive growth, Nvidia has transitioned into a 'new normal' marked by a relatively slower pace of expansion. Despite its impressive financial performance, the industry behemoth has not been immune to the ripple effects of the AI boom. According to Nvidia's latest financial report, quarterly revenue soared to $46.74 billion, representing a year-on-year increase of 56%, while net profit hit $26.42 billion, up 59% from the previous year. Both metrics surpassed analysts' expectations. Nonetheless, its data center business has recorded revenue slightly below projections for two consecutive quarters, and its earnings guidance failed to significantly outpace consensus forecasts, prompting a downturn in after-hours trading.
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