NVIDIA's revenue guidance is in line with expectations, and the stock price fell 4% after hours.
Nvidia announced that its data center revenue was $41.1 billion, lower than the expected $41.3 billion, causing its stock price to fall. Although revenue exceeded expectations, traders were already accustomed to this. Nvidia expects revenue of $54 billion for this quarter, a 2% increase compared to the expected $53.46 billion. The uncertain performance may reflect sales uncertainty. Blackwell's revenue increased by 17% compared to the previous quarter. The stock had previously dropped by over 4% but later recovered some of its losses. Nvidia has approved a $60 billion stock buyback plan, which should bring some relief.
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