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Thu, December 12, 2024
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Nvidia: Earnings Fail To Impress Again
- Nvidia Corporation beats earnings estimates, but the stock remains flat. Most growth has been priced in. Find out why NVDA stock remains a Sell.
The article from SeekingAlpha discusses Nvidia's recent earnings report, which failed to impress investors despite the company's significant advancements in AI technology. Nvidia reported a revenue of $7.64 billion, surpassing expectations, but its guidance for the next quarter was below consensus estimates, leading to a drop in its stock price after hours. The article highlights concerns over the sustainability of Nvidia's growth, particularly in the data center segment, where growth slowed compared to previous quarters. Additionally, while Nvidia's gaming segment showed signs of recovery, the overall market sentiment was tempered by macroeconomic uncertainties and potential shifts in demand for AI and computing hardware. The piece also touches on the competitive landscape, with AMD and Intel making moves in AI and data centers, potentially challenging Nvidia's market dominance.
Read the Full Seeking Alpha Article at:
[ https://seekingalpha.com/article/4743699-nvidia-earnings-fail-to-impress-again ]
Read the Full Seeking Alpha Article at:
[ https://seekingalpha.com/article/4743699-nvidia-earnings-fail-to-impress-again ]
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