Nvidia’s latest earnings wow everyone bar its own investors
Chipmaker’s market capitalisation is now more than $1 trillion bigger than that of rival Intel
Nvidia shareholders gave a cool reaction to its latest quarterly report, which blew past average analysts’ estimates but failed to satisfy the loftier expectations of shareholders who have bet heavily on an artificial intelligence boom.
Revenue in the current period will be about $20 billion, the world’s most valuable chipmaker said Tuesday in a statement. Though that topped the average Wall Street prediction of $17.9 billion, some projections reached as high as $21 billion.