New Delhi, Aug. 28 -- Nvidia share price fell over 3% in extended trading on Wednesday after the company reported its second-quarter earnings. The stock declined 3.14% to $181.60 in after-hours trade, wiping out nearly $110 billion in market value and bringing its market capitalisation down to $4.43 trillion.
For the second quarter ended July 27, Nvidia posted revenue of $46.7 billion, up 56% from a year earlier and slightly above Wall Street's estimate of $46.2 billion. This marked the slowest pace of growth in more than two years. Adjusted profit stood at $26.4 billion, or $1.05 per share, beating the consensus forecast of $1.01.
The company's key data center unit delivered sales of $41.1 billion, marginally below analyst expectations...
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