Nvidia Just Slid 5% Post-Earnings. Again. CEO Jensen Huang Insists "This Time Is Different." Is the Stock Still a Buy?
Every time Nvidia posts massive growth, its shares seem to drop. Why?
Overview
"This time is different," explained Nvidia (NASDAQ: NVDA) CEO Jensen Huang in a recent interview, in response to concerns about a pending artificial intelligence (AI) downturn.
And after Huang announced blowout quarterly numbers on Wednesday, it looked for a hot second as if things really were different. On Thursday, it seemed as if investors were finally rewarding the tech giant for its incredible outperformance, rather than sending shares lower, which is what happened after each of Nvidia's last four consecutive blowout earnings reports.
Details
Unfortunately, it didn't last. By the end of the day on Friday, Nvidia's shares had fallen 5.5%. That leaves them barely above their pre-earnings close.
Source
Originally published at www.fool.com.