Nvidia Reports Record Earnings Amid Global Market Fluctuations
Nvidia's Q3 earnings reveal remarkable revenue growth but stock dips amid global market reactions and investor concerns.
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Updated: Nov 21st, 2024, 5:47 AM ET
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Nvidia reported a 94% revenue increase to $35.08 billion in Q3, exceeding expectations but seeing a 2.5% post-earnings stock dip. Despite solid AI chip demand, global shares generally fell as markets adjusted to Nvidia’s results and broader economic uncertainties. Nvidia's market cap surpassed $3.5 trillion, reaffirming its S&P 500 dominance, though analysts question long-term growth amid a potential plateau in AI model scaling.
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