Nvidia's Stock Performance and Financial Highlights
Nvidia's stock experienced a downturn, trading about 2.9% lower premarket on Thursday. This shift comes in the wake of Nvidia's impressive "beat and raise" quarterly results announced on Wednesday. The company reported July-quarter sales of $30 billion, which were at the top end of their guidance range of $29-$30 billion. Moreover, Nvidia's guidance for the October quarter suggests a midpoint of $32.5 billion, aligning with market expectations of $32-$33 billion.
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