Nvidia beats on earnings but shares slip as Wall Street looks past the quarter
Nvidia shares fell 1.77% to $219.51 Thursday despite reporting record quarterly revenue of $81.6 billion and forecasting $91 billion for the current quarter. The S&P 500 and Nasdaq both rose. Investors questioned whether Nvidia’s AI dominance can last as demand shifts to inference and rivals like AMD and Intel target the market. Nvidia raised its dividend to 25 cents and expanded its share buyback plan by $80 billion.