Nvidia earnings: how did the microchip maker perform in the third quarter?

Nvidia’s earnings doubled year-on-year, but shares fell in after-hours trading. We explore why.

Nvidia chief executive Jensen Huang
(Image credit: Photo by Chip Somodevilla/Getty Images)

Chip-making giant Nvidia (NASDAQ:NVDA) announced its third-quarter earnings on Wednesday 20 November in one of the stock market’s most eagerly-anticipated events of the quarter.

The artificial intelligence (AI) company is one of the top stocks with investors – it was the third most-bought stock on retail platform Interactive Investor last month.

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Dan McEvoy
Senior Writer

Dan is a financial journalist who, prior to joining MoneyWeek, spent five years writing for OPTO, an investment magazine focused on growth and technology stocks, ETFs and thematic investing.

Before becoming a writer, Dan spent six years working in talent acquisition in the tech sector, including for credit scoring start-up ClearScore where he first developed an interest in personal finance.

Dan studied Social Anthropology and Management at Sidney Sussex College and the Judge Business School, Cambridge University. Outside finance, he also enjoys travel writing, and has edited two published travel books.