Nvidia Pulled Down by Slowest Revenue Growth Forecast in Seven Quarters

Artificial-intelligence chipmaker Nvidia, though delivered good results yet failed to beat the market expectations. A major contributor to the benchmark S&P 500 gains this year, the stock of Nvidia, the world's most valuable company, reached a record high before retreating in the subsequent sessions.?

Nvidia (NASDAQ: NVDA)

On 22 November 2024, NVIDIA reported impressive financial results for the third quarter of fiscal 2025, posting a record revenue of $35.1 billion, which marks a 17% increase from the previous quarter and 94% jump from the same period last year. A significant contributor to this success was the company's Data Center division, which brought in $30.8 billion, a 17% rise from Q2 and a 112% increase from the previous year. The company also saw strong growth in earnings per share (EPS), with GAAP EPS rising by 16% from the previous quarter and 111% from the same quarter last year. Non-GAAP EPS showed an even greater increase, up 19% from Q2 and 103% from a year ago. This solid performance reflects the company’s dominant position in the rapidly growing AI market, where demand for its technologies is surging globally.?

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