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Despite Record Earnings, Why Did Nvidia's Stock Price Take a Hit?
6 hour ago /
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Author：小编
Nvidia's key clients ramped up their hardware expenditures substantially, and the market had factored in its financial outcomes beforehand. On Thursday, Nvidia unveiled its fourth-quarter earnings, which surpassed projections. However, its stock price still plummeted by over 5%. The company's quarterly earnings soared to a staggering $43 billion, prompting Joseph Moore from Morgan Stanley to label it a monumental 'earnings beat and raised guidance' feat for a semiconductor firm. Despite this, Nvidia's stock price experienced a downturn. Its revenue outstripped expectations by around $3 billion, and its performance guidance also exceeded analysts' estimates by approximately $5 billion.
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