NVDA: Nvidia Revenue Soars 122% but Unhappy Investors Still Dump the Stock Hard

Not unusual for volatile AI play to see its valuation seesaw like a meme stock. The $3 trillion tech behemoth has seen worse.

• Nvidia stock NVDA shed as much as 10% in after-hours trading following the company’s quarterly earnings results. The chip maker, which saw shares pare back the loss to 5% ahead of the opening bell Thursday, reported soaring revenue and earnings, both surpassing lofty consensus calls from analysts. Still, the spectacle ended with no fireworks as investors seemed to expect an even higher beat. But even that reaction was moderate compared to other performances.
• Nvidia picked up revenue of $30 billion, up a whopping 122% from last year and above the $28.7 billion expected by Wall Street. Earnings per share arrived at 68 cents, up 152% year-on-year and above the 65 cents eyeballed by analysts. Net profit landed at $16.95 billion. What made things worse for the stock was the earnings call with CEO Jensen Huang, where he failed to spark investor excitement over the delayed Blackwell GPU.
• Jensen said that the company would bring in “several billion dollars” in revenue this fiscal year from the sales of its next-generation Blackwell chip. Also, for the current quarter, Nvidia didn’t go too much above and beyond and this didn’t sit well with overly optimistic forecasters. Nvidia stuck to revenue guidance of $32.5 billion, mildly exceeding the $31.7 billion expected. The company authorized a share buyback program of $50 billion.