Nvidia Shares Fall Premarket on Gross Margin Decline, Revenue Guidance -- Market Talk

Dow Jones17:47

0947 GMT - Nvidia shares edged lower in Thursday premarket exchanges after the artificial-intelligence chip maker's gross margin fell in the third quarter compared with the second quarter. Nvidia also issued revenue guidance for the current quarter below some analysts' expectations. Nvidia shares closed 0.8% lower ahead of results on Wednesday at $145.89. The stock is down 4% Thursday premarket, touching a low of $139.80. The share decline came even though third-quarter revenue jumped 94% on year to $35.08 billion and net income more than doubled to $19.31 billion. (mauro.orru@wsj.com)

 

(END) Dow Jones Newswires

November 21, 2024 04:47 ET (09:47 GMT)

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