By: Fiona Cincotta, Senior Market Analyst
Fiona Cincotta, StoneX Senior Market Analyst, examines Nvidia’s latest earnings and what they signal for AI stocks and investor sentiment.
Nvidia delivered record sales and earnings above analyst expectations, yet its share price moved lower in after-hours trading. Investors were unsettled by signs of slowing momentum after nine consecutive quarters of 50% plus revenue growth.
The company’s H20 chip, built for the Chinese market, has been caught in trade restrictions and is unlikely to receive a US license for shipments. Nvidia took a writedown of $4.5 billion, with lost sales estimated at $8 billion in the last quarter, raising questions about the sustainability of future growth.
For a second consecutive quarter, Nvidia’s data center business disappointed, posting revenue slightly below expectations. Given its central role in AI infrastructure, this was a key concern for investors already wary of high valuations.
Despite near term headwinds, major technology companies including Microsoft, Amazon, Meta and Alphabet continue to expand investment in AI infrastructure.
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---- Written by Gus Farrow
---- Expert: Fiona Cincotta, StoneX Senior Market Analyst
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