NVIDIA shares fell 1.43% after earnings report
NVIDIA Corporation reported its earnings, with shares down 1.43% by afternoon the next day.
The company’s share price target was raised to $275 from $235 by TD Cowen ahead of the earnings report.
NVIDIA faces competition from custom AI chips, with CEO Jensen Huang needing to address this issue.
The company’s total addressable market may be twice what people thought, with huge customers like Amazon and Alphabet