Nvidia Stock Pared Loss In Premarket As Investors Buy Dip Following Earnings Report

Nvidia stock pared loss in premarket after initially slipping 2% following the report.

Nvidia Q2 sales surged 56% in the quarter to $46.74 billion, topping Wall Street’s projected $46.06 billion, according to LSEG. The company reported adjusted earnings per share of $1.05, which was higher than the $1.01 per share estimated by analysts.

Data center revenue of $41.1 billion came up short of estimates for the second straight period, but still grew 56% over the year prior.