Nvidia failed to satisfy investors’ lofty expectations for the $3 trillion chipmaker’s fiscal year 2025 second-quarter earnings report, sending the stock lower and slightly weighing on the tech-heavy Nasdaq Composite Index.
Company shares tumbled 6 percent during the Aug. 29 trading session, sliding below $118. The Nasdaq was little changed, dipping 0.23 percent. Both moderately recovered in the trading session on Friday.
While the stock is still up 144 percent year-to-date, market watchers who spoke with The Epoch Times say that traders might think tiny cracks are beginning to emerge at Nvidia.
Armchair and institutional investors paid close attention to Nvidia’s earnings report after the midweek closing bell. The company is at the center of the enormous artificial intelligence boom that has swept Wall Street over the last two years. […]
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