Nvidia's second-quarter earnings beat Wall Street analysts' expectations, with total sales and revenue from data centers coming in ahead of estimates amid strong demand for AI chips.
Nvidia reported second-quarter earnings and revenue that beat analysts' estimates, though the pace of its growth slowed. Shares fell in extended trading Wednesday following the release.
Nvidia is holding the investment world in thrall ahead of an earnings report later today that, even if it delivers the expected doubling of second-quarter revenue, may not satisfy investors accustomed to market-moving outperformance. The chipmaker's market value was around $390 billion on the eve of the launch of artificial intelligence (AI) chatbot, ChatGPT, less than two years ago. Trade in Asia was light and moves modest ahead of the release, and European equity futures were flat.
Investing.com – Japan stocks were higher after the close on Wednesday, as gains in the Paper&Pulp, Transport and Railway&Bus sectors led shares higher.