It’s the tragedy of the overachieving child. Despite ridiculous revenue growth number, Nvidia’s shares fell about 6% yesterday.
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe$50 billion stock buyback, once the dominant semiconductor company, has been struggling in the wake of Nvidia's artificial intelligence-driven surge – its stock is down almost 60% this year.
It's the tragedy of the overachieving child: You're expected not just to ace every examination, but also excel in extracurricular activities. The culprit: For the company's fiscal second quarter, revenue rose"only" 122% on an annual basis, compared with three quarters of more than 200% year-over-year growth. The chipmaker's expected gross margins for the full year were also slightly lower than anticipated.
To be fair, other companies face the same issue too, though perhaps not on the same magnitude as Nvidia.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
CNBC Daily Open: Nvidia fell, but that may be a good thingIt’s the tragedy of the overachieving child. Despite ridiculous revenue growth number, Nvidia’s shares fell about 6% yesterday.
Baca lebih lajut »
CNBC Daily Open: Nvidia fell, but that may be a good thingIt’s the tragedy of the overachieving child. Despite ridiculous revenue growth number, Nvidia’s shares fell about 6% yesterday.
Baca lebih lajut »
CNBC Daily Open: Nvidia fell, but that may be a good thingIt’s the tragedy of the overachieving child. Despite ridiculous revenue growth number, Nvidia’s shares fell about 6% yesterday.
Baca lebih lajut »
CNBC Daily Open: Nvidia fell, but that may be a good thingIt’s the tragedy of the overachieving child. Despite ridiculous revenue growth number, Nvidia’s shares fell about 6% yesterday.
Baca lebih lajut »
CNBC Daily Open: Nvidia fell, but that may be a good thingIt’s the tragedy of the overachieving child. Despite ridiculous revenue growth number, Nvidia’s shares fell about 6% yesterday.
Baca lebih lajut »
CNBC Daily Open: Nvidia fell, but that may be a good thingIt’s the tragedy of the overachieving child. Despite ridiculous revenue growth number, Nvidia’s shares fell about 6% yesterday.
Baca lebih lajut »