Despite the stellar numbers in its latest earnings report, Nvidia Corp (NASDAQ:NVDA) stock slipped 3% in after-hours trading on Wednesday.
In premarket Thursday, Nvidia shares swung between gains and losses, ultimately opening 5% higher before losing steam.
By mid-morning, Nvidia shares were down 1.23%, trading at $144.10—a move many attribute to the priced-for-perfection environment surrounding the AI giant. It seems the market's insatiable appetite for upside surprises left even Nvidia's blockbuster results struggling to impress.
Nvidia Stock’s Underlying Resilience
The Santa Clara, California-based company reported an 8% beat on earnings per share and a nearly ...