Nvidia Stock Is Tumbling Today. Is This a Chance to Buy?
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Nvidia's stock fell nearly 5% despite a strong quarterly report showing data center revenue growth and optimistic CEO remarks. Shares are down 3.5% as of 11:45 a.m. ET, extending losses after a 171% return in 2024. The company exceeded revenue expectations with $39.3 billion, but concerns about slowing growth and profitability persist. Nvidia anticipates $43 billion in sales for the current quarter, indicating a growth slowdown. Despite challenges, including competitive pressures in China, Nvidia's data center and automotive segments show promise for future growth.
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