Nvidia shares down 4.6% in premarket trade despite market-beating earnings

Nvidia Shares Fall Despite Beating Q2 Estimates #

Nvidia shares dropped by 4.6% in premarket trading following the release of its Q2 results, which exceeded expectations. However, analysts believe the company would have needed exceptional results to see a significant increase in stock value. This decline follows a remarkable rally that saw Nvidia’s shares rise by over 150% this year. Although the company reported revenue growth of 122% YoY for Q2, the comparisons are becoming more challenging as Nvidia expands. The company also provided strong revenue guidance for Q3 but noted a slight dip in gross margin.