How Nvidia stocks slumped even after a record quarter

Nvidia has beat expectations again, reporting massive revenue – so, why is its share price down? The chip giant – which is now worth more than $4 trillion – posted a massive $46.7bn revenue in the second quarter of this year. That’s up 56 per cent. Profits are up to, by 59 per cent, to $26.4bn. Cloud providers accounted for around half of this, while revenue from the gaming and robotics divisions surged. And yet, in after hours trading, Nvidia stocks took a noticeable three per cent slide. Read more about the story here 👇 https://bit.ly/41ql4W0 Get more of City AM 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: www.linkedin.com/company/cityam Produced by: Saskia Koopman, Scarlett Wild, Matt Kenyon