The Afternoon Update with Lynlee Foo (1pm – 4pm)The Afternoon Update with Lynlee Foo (1pm – 4pm)

Market View: Why Nvidia's stock is down on strong Q3 earnings

View descriptionShare

The Afternoon Update with Lynlee Foo

Stay in the know with programs such as Viewpoint and Industry Insights in property, cryptocurrency, aviation, and shipping. We delve into the latest 
2,556 clip(s)
Loading playlist

Nvidia reported Q3 earnings today (20 Nov) and results suggest that Nvidia is continuing to grow quickly while demand for its powerful artificial intelligence chips remains high.

However, the reported number of a 94% year-on-year surge in revenue for the third quarter to $35.08 billion is still a consecutive slowdown from the previous three quarters. 

In terms of price action, shares fell 2% in extended trading, from $145 a share to $142. The Options market expected moves of about 10%.  

Isaac Lim, Chief Market Strategist, at online investment platform, Moomoo Singapore, discussed this price action and the possible implications of the consecutive revenue slowdowns, and where Nvidia is headed in 2025.

 

 

  • Facebook
  • X (Twitter)
  • WhatsApp
  • Email
  • Download

In 1 playlist(s)

  1. The Afternoon Update with Lynlee Foo

    2,556 clip(s)

The Afternoon Update with Lynlee Foo (1pm – 4pm)

Stay in the know with programs such as Viewpoint and Industry Insights in property, cryptocurrency,  
Social links
Follow podcast
Recent clips
Browse 1,186 clip(s)