Why Nvidia Stock Is Falling

NVIDIA Corporation NVDA shares are trading lower by 2.97% to $167.10 during Thursday's pre-market session after the company reported worse-than-expected second-quarter EPS and sales results.

What Happened?

Nvidia reported second-quarter revenue of $6.7 billion, up 3% year-over-year. The total came in shy of a Street estimate of $8.1 billion, according to data from Benzinga Pro. The revenue total was down 19% from the first quarter.

Earnings per share for the second quarter were 51 cents, missing the analyst consensus estimate of $1.25 per share... Read More

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According to data from Benzinga Pro, Nvidia has a 52-week high of $346.47 and a 52-week low of $140.55.