$NVIDIA(NVDA)$ reported earnings on Wednesday (20 May) after US market close, but the reaction remained muted despite beating analysts' expectations and reporting record revenue.
$NVIDIA(NVDA)$ 's revenue rose 85% YoY, while its quarterly profit was up 211% YoY.
With the market now accustomed to consistent earnings outperformance from the AI giant, Nvidia shares slipped around 1% in overnight trading, suggesting much of the positive momentum had already been priced in.
Amplifying the move, the $NVDA 3xShortSG261006(NVDW.SI)$ gained around 3%, with the $NVDA 3xLongSG261006(NVIW.SI)$ down a similar magnitude.
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