Market Cap
24h Vol
6566
Cryptocurrencies
51.43%
Bitcoin Share

Nvidia erases $250B in market cap despite strong earnings

Nvidia erases $250B in market cap despite strong earnings


Cryptopolitan
2024-08-29 04:48:01

Nvidia (NVDA) reported stronger-than-expected earnings during the quarter ending June but stocks of the AI giant fell by over 8%. The company posted earnings per share (EPS) of $0.68, surpassing expectations of $0.65. The stock reaction has wiped out around $250 billion in market capitalization within minutes of the earnings call. Wall Street now awaits


Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.