Nvidia's Business Is Booming. Its Stock Is Falling.
Key Takeaways Nvidia blew past high expectations when it reported quarterly results last week. Its stock is getting hit anyway. Shares of the chip giant are down more than 8% since it reported record quarterly revenue and earnings and offered up an outlook that easily exceeded Wall Street's expectations. As of Tuesday, the stock is trading about 17% below its record high from late October, when optimism about the AI boom helped make Nvidia the world's first $5 trillion company last month. Jensen Huang, CEO ...