Nvidia Stock Falls as Earnings Show AI Isn't Growing Revenue Like It Hoped

Quick Summary:

Not Perfect Enough AI chip maker NVIDIA is struggling to meet some sky-high expectations.

In its Wednesday reported earnings, the company noted a significant decline in the rate of growth compared to the same period last year, despite earnings and revenues growing more than 100 percent.

Simply put, the market was hoping for far more from the chipmaker, as is clear from its shares rallying more than 150 percent this year alone.

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Article Details

Author / Journalist: Victor Tangermann

Category: Technology

Markets: United States

Topics: NVIDIA Ai bubble Artificial Intelligence The digest

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-29 @ 20:52:50 (3 days ago)

News Timezone: GMT +8:00

News Source URL: futurism.com

Language: English

Article Length: 410 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Futurism

News ID: 22301070

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Official Website: futurism.com

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News Last Updated: 8 hours ago

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