BREAKING: Nvidia stock, $NVDA, falls over 8% despite reporting stronger than expected earnings.
The company posted EPS of $0.68, above expectations of $0.65, on revenue of $30.0 billion, above expectations of $28.9 billion.
The stock has now erased $250 BILLION in market cap over the last 5 minutes.
Will dip buyers step in here?
Nvidia, $NVDA, posted 122% of revenue growth on a year-over-year basis.
It also expects to see $32.5 billion of revenue in the current quarter, above expectations.
This was an overall solid quarter for Nvidia.
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