TechFlow news, November 21 — According to Jinshi Data, Nvidia's forecast for fourth-quarter revenue released on Wednesday slightly exceeded expectations but still fell short of the high hopes held by some investors. The company's stock dropped about 2% in after-hours U.S. trading following the earnings release. Nvidia projected fourth-quarter revenue at $37.5 billion, plus or minus 2%, compared with an average analyst estimate of $37.09 billion compiled by LSEG.
Nvidia CEO Jensen Huang said, "The era of artificial intelligence is advancing full speed ahead, driving a global transition to Nvidia computing." He added, "Demand for Hopper and anticipation for Blackwell are incredible as foundational model makers scale up pre-training, post-training, and inference." Expectations were high ahead of the earnings report, with Nvidia's shares rising more than 20% over the past two months. So far this year, the company's stock has nearly quadrupled and has surged over ninefold in the past two years.
