Nvidia share price slips despite 94% revenue growth
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The Nvidia Corporation (NASDAQ: NVDA) share price has dipped in after-hours trading following the release of the company’s Q3 2024 results.
The stock closed at US$145.89 during Wednesday’s US trading session but fell as much as 5% during after-hours trading before making a partial recovery to US$145.72 at the time of writing.
Shares were lower despite the company reporting record quarterly revenues, which grew 94% year over year, modestly beating analyst expectations. Fourth-quarter guidance, however, appears to have fallen short of investor expectations.
The chipmaker’s impressive Q3 results are also a beacon for growth trends across the broader artificial intelligence (AI) gaming and data centre segments….
