Nvidia posts record $46.7B revenue but shares dip on cautious forecast

Nvidia’s record $46.7B Q2 revenue fueled by AI, yet shares fell 3% due to disappointing forecasts.

Nvidia stunned Wall Street with record-breaking second-quarter revenue of $46.7 billion, a 56% surge fuelled by artificial intelligence demand.

Yet, despite the blockbuster numbers, Nvidia’s shares fell 3% after the company’s forecast for the next quarter disappointed some investors. Analysts point to the upcoming Blackwell chip launch as a potential game-changer.

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