Benzinga
Benzinga
  • 3 months ago
Nvidia reported impressive fiscal second-quarter earnings, with sales surpassing $30 billion, up 122% year-over-year, and profits doubling. Despite beating Wall Street expectations, Nvidia shares dipped 5% in after-hours trading, as investors were disappointed by the narrower margin of outperformance compared to previous quarters. Concerns about potential delays in its Blackwell AI chips also contributed to investor uncertainty. Nvidia's success is largely driven by its data center business, reflecting sustained strong demand for AI infrastructure in the tech sector.
Transcript
00:00It's Benzinga and here's what's on the block.
00:03NVIDIA reported impressive fiscal second quarter earnings with sales surpassing $30 billion
00:07up 122% year-over-year and profits more than doubling.
00:12Despite beating Wall Street expectations, NVIDIA shares dipped 5% in after-hours trading
00:16as investors were disappointed by the narrower margin of outperformance compared to previous
00:21quarters.
00:22Concerns about potential delays in its Blackwell AI chips also contributed to investor uncertainty.
00:28NVIDIA's success is largely driven by its data center business reflecting sustained
00:31strong demand for AI infrastructure in the tech sector.
00:34For all things money, visit Benzinga.com.

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