GZERO AI
Nvidia’s high-flying earnings aren’t good enough
FILE PHOTO: A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023.
REUTERS/Dado Ruvic/Illustration/File Photo
September 03, 2024
Nvidia’s earnings reports have become a cultural phenomenon, with super-fan investors even throwing watch parties to tune into how high-flying the chip maker’s marks will be each quarter.
Last week, Nvidia, whose chips have fueled the current AI boom, reported more than $30 billion in sales in the second quarter of its fiscal year, up 122% from the same quarter last year. But even though it beat Wall Street analyst predictions, the stock sagged 7% after the report.
Nvidia’s stock is up 147% since the start of 2024, leading the hottest part of the stock market. While some wonder if AI is little more than a speculative bubble with AI stocks soaring, Nvidia is now the third-most-valuable company globally, and the biggest question each quarter is: How good is good enough for investors?More For You
- YouTube
Pennsylvania Governor Josh Shapiro says Trump's Iran war has made America weaker, more isolated, and no closer to a lasting solution in the Middle East.
Most Popular
Chris, an Army veteran, started his Walmart journey over 25 years ago as an hourly associate. Today, he manages a Distribution Center and serves as a mentor, helping others navigate their own paths to success. At Walmart, associates have the opportunity to take advantage of the pathways, perks, and pay that come with the job — with or without a college degree. In fact, more than 75% of Walmart management started as hourly associates. Learn more about how over 130,000 associates were promoted into roles of greater responsibility and higher pay in FY25.
Potential rebuilding fund for Iran, China's effort to keep its money at home, Trump and Modi's reset
Jun 17, 2026
People walk along Dubai Creek Harbour, amid the U.S.-Israel conflict with Iran, in Dubai, United Arab Emirates, March 6, 2026.
REUTERS/Amr Alfiky/File Photo
Iran could reportedly receive up to $300 billion in a reconstruction fund for its battered economy as part of its interim peace deal with the US, but US President Donald Trump said on Wednesday that the US would not be the one paying for it.
© 2025 GZERO Media. All Rights Reserved | A Eurasia Group media company.