Nvidia crushed its earnings and is still seeing its stock price plummet.
Nvidia is down 8.39% in premarket trading after trumping Wall Street's expectations for earnings and revenue. The company brought in $1.10 per share, higher than estimates of $0.82, on revenue of $2.23 billion, which was higher than the $1.96 billion expected.
Despite crushing its earnings, Nvidia's shares still faltered.
"Overall, we think expectations were simply too high," Mitch Steves, an analyst at RBC Capital Markets, said in a note to clients.
Steves remains bullish on Nvidia and says that…