☰
HomeLiving Beyond BordersGZERO WorldSignalIn 60 SecondsPuppet RegimeGZERO World PodcastContact UsAbout UsCareersPrivacy PolicyTerms

Nvidia’s high-flying earnings aren’t good enough

September 03, 2024
Scott Nover
​FILE PHOTO: A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023.
FILE PHOTO: A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023.
REUTERS/Dado Ruvic/Illustration/File Photo

Nvidia’s earnings reports have become a cultural phenomenon, with super-fan investors even throwing watch parties to tune into how high-flying the chip maker’s marks will be each quarter.

Last week, Nvidia, whose chips have fueled the current AI boom, reported more than $30 billion in sales in the second quarter of its fiscal year, up 122% from the same quarter last year. But even though it beat Wall Street analyst predictions, the stock sagged 7% after the report.

Nvidia’s stock is up 147% since the start of 2024, leading the hottest part of the stock market. While some wonder if AI is little more than a speculative bubble with AI stocks soaring, Nvidia is now the third-most-valuable company globally, and the biggest question each quarter is: How good is good enough for investors?

More from GZERO Media

Hezbollah takes another hit as Lebanon picks new PM

Lebanese Prime Minister-designate Nawaf Salam gestures at the presidential palace on the day he meets with Lebanese President Joseph Aoun, in Baabda, Lebanon January 14, 2025.
REUTERS/Mohamed Azakir

Technocrat and international jurist Nawaf Salam won the job just days after Lebanon named a president for the first time in two years.

DOJ independence takes center stage at Bondi confirmation hearing

Pam Bondi, Donald Trump’s pick for attorney general, appeared before the Senate Judiciary Committee for her first of two days of confirmation hearings on Wednesday.

(Photo by Lenin Nolly/NurPhoto)

Pam Bondi, Donald Trump’s pick for attorney general, appeared before the Senate Judiciary Committee for her first of two days of confirmation hearings on Wednesday.

Why NATO launches a Baltic Sea operation

- YouTube

youtu.be

Why has NATO launched a new operation in the Baltic Sea? Are the sanctions against Russia by the EU and US really working? Carl Bildt, former prime minister of Sweden and co-chair of the European Council on Foreign Relations, shares his perspective on European politics from Stockholm, Sweden.

South African authorities haul dozens of bodies from mine siege

Rescued miners are seen as they are processed by police after being rescued at the mine shaft where rescue operations are ongoing as attempts are made to rescue illegal miners who have been underground for months, in Stilfontein, South Africa, January 14, 2025.
REUTERS/Ihsaan Haffejee

South African police said Wednesday that rescuers had recovered 78 bodies and 246 living miners this week from an abandoned gold mine near Stilfontein, southwest of Johannesburg, that has been the site of a tense siege since August.

Poland calls for security self-reliance for Europe

Polish Minister for European Affairs Adam Szlapka speaks during the presentation of the program for the 2025 Poland's Presidency of the Council of the European Union in Warsaw, Poland, on Dec. 10, 2024.
Aleksander Kalka/NurPhoto via Reuters

With Donald Trump set to take office as US president on Monday, Poland is beginning its six-month presidency of the European Union with a warning: This is “the right time to say loudly that it’s time [for Europe] to take responsibility for our future and our security,” Poland’s Europe minister, Adam Szłapka, told the Guardian on Wednesday. Poland holds the rotating presidency from Jan. 1 to June 30, 2025.

About UsCareers PressContact Us Privacy PolicyTerms of Use
© 2020 GZERO Media. All Rights Reserved | A Eurasia Group media company.