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 buybackJuly's consumer price index may have been a pleasant surprise, coming in at 2.9% for the year – lower than forecast and the slowest pace since March 2021. But the U.S.
Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly 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.
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