Nvidia crushed earnings and is still dropping (NVDA)

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....

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NVIDIA CEO Jensen Huang

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…

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