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Wall Street avoids Nvidia sell-off after blowout earnings call [Yahoo! Finance]
Last nvidia corporation earnings: 2/13 04:20 pm
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US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
The Q3 results , put out after the bell, did not prompt the massive sell-off some feared , with the AI chip leader's stock dropping less than 2% in after-hours trading as management spoke to analysts on the call. Last quarter , a modest revenue and earnings beat was not enough to prevent a massive sell-the-news event, with the stock falling 18% in the week following the call. Some figured the stock could be due for another dip this time around with institutional investors eager to engage in profit-taking at the end the year. The stock held steady early Wednesday evening, however, as revenue jumped 94% year-over-year to $35.1 billion. The company's January guidance also came in better than expected, with the chip maker indicating it is confident about the rollout of its next-generation Blackwell platform “The age of AI is in full steam, propelling a global shift to NVIDIA computing,” Huang said in a press release. “Demand for Hopper and anticipation for Blackwell—in full producti
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