Nvidia Tops Earnings, Stock Briefly Hits $200 Before Pullback
Nvidia shares surged in after-hours trading Wednesday after the company reported another strong earnings beat driven by relentless demand for artificial intelligence chips.
The stock briefly crossed the $200 mark before pulling back, reflecting both investor optimism and profit-taking following the announcement.
Nvidia Stock Price Briefly Touches $200 in After-Hour Markets. Source: Google Finance
Nvidia Earnings Beat All Wall Street Forecasts
The company reported quarterly revenue of $68.1 billion, up sharply from a year earlier and above Wall Street expectations. Adjusted earnings per share came in at $1.62, also beating forecasts.
The results reinforced Nvidia’s dominant position as the primary supplier of AI computing hardware powering cloud providers, startups, and enterprise AI deployments.
However, the stock reaction showed mixed sentiment. Nvidia initially jumped after the report, pushing past $200 in after-hours trading.
Yet gains faded quickly, and the stock dropped back toward the mid-$190 range as traders locked in profits and reassessed future growth expectations.
Nvidia Quaterly Earnings. Source: Nvidia Newsroom
Investors focused heavily on Nvidia’s outlook. The company projected around $78 billion in revenue for the next quarter, exceeding analyst estimates.
This suggested that AI infrastructure spending remains strong, despite recent concerns about slowing demand or overspending in the sector.
Meanwhile, Nvidia’s data center business continued to drive most of its growth. Cloud companies and governments are racing to build AI infrastructure, and Nvidia’s chips remain central to that expansion.
CEO Jensen Huang said customers are investing aggressively in AI compute to support future services and automation.
Still, the pullback after the initial surge highlights investor caution. Nvidia has already delivered massive gains over the past two years, and expectations remain extremely high.
Even strong results can trigger volatility if traders were positioned for larger surprises.
Ultimately, the earnings report confirmed one key point: AI spending remains strong, and Nvidia continues to capture the bulk of that demand.
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