Nvidia Tops Earnings, Stock Briefly Hits $200 Before Pullback
BeInCrypto
Nvidia reported strong earnings driven by AI chip demand, causing its stock to briefly surpass $200 before settling lower.Summary
Nvidia shares surged in after-hours trading after the company announced quarterly revenue of $68.1 billion and adjusted EPS of $1.62, both beating Wall Street forecasts, reinforcing its dominance in supplying AI hardware.
The stock initially jumped past the $200 mark following the announcement, but this gain was short-lived as traders took profits, causing the stock to retreat toward the mid-$190 range.
Nvidia provided a strong outlook, projecting approximately $78 billion in revenue for the next quarter, signaling continued robust AI infrastructure spending, with CEO Jensen Huang noting aggressive customer investment in AI compute.
(Source：BeInCrypto)