Nvidia projected 70% revenue growth in its next fiscal year, sending its stock up in after-hours trading, while the company defended its decision to provide capital solutions to its customers.
Why it matters: The stock is widely considered a bellwether for the health of the broader AI economy, but lately it has been trailing the broader semiconductor sector in market gains.
Zoom in: In its latest quarter, Nvidia topped revenue and earnings expectations.
The stock initially ticked downward in extended trading following the report — as investors maintained high expectations for the AI darling — but it jumped after Colette Kress, the chief financial officer, delivered the revenue projection on an earnings call.
Kress said the company remains "supply constrained," otherwise it could double revenue next year.
#Stock #next #broader #earnings
Why it matters: The stock is widely considered a bellwether for the health of the broader AI economy, but lately it has been trailing the broader semiconductor sector in market gains.
Zoom in: In its latest quarter, Nvidia topped revenue and earnings expectations.
The stock initially ticked downward in extended trading following the report — as investors maintained high expectations for the AI darling — but it jumped after Colette Kress, the chief financial officer, delivered the revenue projection on an earnings call.
Kress said the company remains "supply constrained," otherwise it could double revenue next year.
#Stock #next #broader #earnings
7 days ago
