Aug 27 Nvidia earnings top market estimates, but lower than highest expectations

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“The AI boom is still relevant and fresh, but China based customers did not buy H20 processors from Nvidia, which resulted in lower sales than the highest expectations for Nvidia” 😊 😋

Strong moves higher during market hours for all indices

Nvidia reported $1.05 EPS vs $1.01 expectations while revenue was $46.7 vs $46.0 expected. The guidance for next quarter was $54 billion, which given that it was $2B 8 quarters ago is tremendous.

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