As Nvidia serves up a giant cookie, Wall Street asks for milk | CNN Business

A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here.

New York CNN  — 

The world’s leading AI chip producer, Nvidia, just delivered a slam dunk earnings report that most businesses would be jealous of. Sales rose 122% in the second quarter. Profits doubled. The outlook for the current quarter? Strong.

In short: The numbers were fantastic.

Yet Nvidia’s shares (NVDA) slumped 7% after its earnings came out Wednesday night, and they stayed down Thursday.

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

Labor Day gas prices are headed for three-year lows | CNN Business

New York CNN  —  Labor Day weekend travelers can look forward to lower prices at the gas pump. ...

5 Ways That Kamala Harris Can Support The Franchise Community, According to Two Industry Leaders

Opinions expressed by Entrepreneur contributors are their own. The five weeks between the Republican and Democratic conventions could have been a lifetime,...

Here’s How Disney Plans to Use AI to Grow a $16 Billion Business

SportsCenter was ESPN's flagship show; its first episode aired when the network launched in September 1979. Now Disney, which owns 80% of ESPN, is...