Nvidia results beat expectations but share price tumbles

Investors have set a high bar for the tech stock, which unveiled its quarterly results yesterday evening

Illustration of Nvidia logo on smartphone screen.
(Image credit: CFOTO/Future Publishing via Getty Images)

Nvidia’s second-quarter results beat expectations with revenues up 15% on the previous three months and 122% on a year ago, the chipmaker revealed after yesterday’s market close (28 August). Despite this, investors are asking for more from the AI stock, which tumbled 7% in after-hours trading. 

The tech stock has repeatedly smashed analysts’ expectations in previous quarters, and Nvidia’s results have become a much-anticipated market event. 

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Katie Williams
Staff Writer

Katie has a background in investment writing and is interested in everything to do with personal finance, politics, and investing. She enjoys translating complex topics into easy-to-understand stories to help people make the most of their money.

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Before joining the MoneyWeek team, Katie worked as an investment writer at Invesco, a global asset management firm. She joined the company as a graduate in 2019. While there, she wrote about the global economy, bond markets, alternative investments and UK equities.

Katie loves writing and studied English at the University of Cambridge. Outside of work, she enjoys going to the theatre, reading novels, travelling and trying new restaurants with friends.