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nvidia, after releasing its latest financial data, its stock price suddenly plummeted after the market!

nvidia plunges after market close

after the u.s. stock market closed, nvidia announced the company's second-quarter financial data for fiscal year 2025 ending july 28, 2024, as well as performance guidance for the third quarter.

nvidia's adjusted earnings per share for the second quarter were $0.68, compared with an expected $0.64; revenue was $30 billion, compared with an expected $28.61 billion; net profit was $16.599 billion, compared with an expected $14.64 billion. data center revenue for the second quarter was $26.3 billion, compared with an expected $25.08 billion. adjusted gross profit margin for the second quarter was 75.7%, compared with an expected 75.5%.

nvidia's latest financial data, although stronger than the average wall street expectations, was lower than the highest expectations for continued triple-digit growth.

in terms of performance guidance, third-quarter revenue is expected to be us$32.5 billion, with a fluctuation of 2%, or us$31.85 billion to us$33.15 billion. analysts' average expectation is us$31.9 billion, with the highest expectation being us$37.9 billion.

previously, there were reports that due to design defects, the most advanced ai chip in the blackwell series of chips will be delayed for three months or more, and large-scale shipments of blackwell may be delayed until the first quarter of next year.

in the announcement of the financial report, nvidia ceo jensen huang specifically mentioned the extremely high expectations for the blackwell chip when commenting on the second quarter performance. he also mentioned the strong demand for hopper.

“demand for hopper remains strong, and expectations for blackwell are incredible,” huang said. “nvidia achieved record revenue as the world’s data centers go all out to modernize the entire computing stack with accelerated computing and generative ai.”

nvidia chief financial officer (cfo) colette kress acknowledged previous problems with the blackwell chip when commenting on its earnings, saying improvements had been made, hinting that it was ready for shipment, and expected such chips to bring the company billions of dollars in revenue in the fourth quarter.she said: "we delivered samples of the blackwell architecture to customers in the second quarter. to improve production yield, we made changes to the blackwell gpu mask. blackwell's production ramp-up is scheduled to start in the fourth quarter and continue until fiscal 2026. in the fourth quarter, we expect blackwell to achieve billions of dollars in revenue. hopper demand is strong, and shipments are expected to increase in the second half of fiscal 2025."

in addition, nvidia announced that on august 26, 2024, its board of directors approved an additional $50 billion in stock repurchase plans with no expiration date.

the fed’s rate cut is a foregone conclusion

on wednesday, u.s. stocks fell across the board, with the dow jones industrial average down 0.39%, the s&p 500 down 0.6%, and the nasdaq down 1.12%. nike fell 2.94% and intel fell 2.29%, leading the decline in the dow. nvidia fell 2.1% and tesla fell 1.65%.chinese stocks generally fell, with boss direct falling 21.45% and gaotu group falling 18.58%.

on the news front, the federal reserve’s official website released the latest minutes of the federal reserve’s discount rate meeting, which showed that board members of the chicago fed and the new york fed voted in july to lower the discount rate by 25 basis points.

the minutes provide insights into the possible direction of the fed's monetary policy. the market currently expects that the fed will definitely cut interest rates in september, and even does not rule out the possibility of a sharp cut of 50 basis points. in addition, the latest survey results released by the federal reserve banks of dallas, richmond and philadelphia also released a dangerous signal: americans are beginning to worry that a recession will hit the united states, and related indexes of economic prospects are all declining, even falling into the contraction range.