Institution: NVIDIA's Q4 Revenue Expectations Fail to Impress Wall Street
Powered by ChatGPTBlockBeats news, on November 21, Nvidia's forecast for fourth-quarter revenue released on Wednesday was slightly above expectations, but still fell short of some investors' high hopes. The company's stock fell about 2% in after-hours trading following the earnings report. The company expects fourth-quarter revenue to be $37.50 billion, with a margin of 2%, while analysts' average expectation, according to LSEG data, is $37.09 billion.
Nvidia CEO Jensen Huang stated, "The era of artificial intelligence is accelerating, driving a global shift towards Nvidia computing." He said, "As foundational model manufacturers expand the scale of pre-training, fine-tuning, and inference, the demand for Hopper and the expectations for Blackwell are incredible." Prior to the earnings announcement, expectations were high, and Nvidia's stock price has risen more than 20% over the past two months. So far this year, the company's stock price has nearly quadrupled, and it has increased more than nine times over the past two years. (Jin Shi)