NVIDIA Corporation (NVDA) reported its earnings on Wednesday, delivering $1.62 per share on revenue of $68.1 billion, exceeding Wall Street’s expectations of $1.53 per share and $65.8 billion in revenue. This represents a remarkable 73% revenue growth compared to the same quarter last year, with data center revenue hitting $62.3 billion and a future revenue guidance of approximately $78 billion against an anticipated $72.8 billion.
Despite the strong financial results, NVIDIA’s stock fell nearly 4% following the report. Analysts had set high expectations, with some forecasting revenue close to $80 billion, leading to concerns about sustainability and market leadership amid ongoing uncertainties in China.
This situation reflects what investor Louis Navellier describes as an “AI Dislocation,” indicating a shift in market leadership within the ongoing AI boom. As companies involved in the infrastructure for AI gain more traction, investors may find significant opportunities beyond the mega-cap leaders like NVIDIA.
