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Nvidia's forward price-to-earnings ratio has fallen to a 14-year low, and its stock price has dropped more than 30% from its all-time high.
14/11 07:56
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- JinseFinance
Nvidia's earnings continued to be phenomenal, but its stock price experienced a rollercoaster ride in after-hours trading.
Nvidia's Q1 revenue exceeded expectations, increasing by 85%, but guidance to reach new highs was still not impressive enough. The company announced an additional $80 billion in share buybacks and a significant dividend increase. Nvidia's stock price turned negative in after-hours trading, falling by more than 3% at one point.
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When Lei Jun, wearing a brown leather jacket, released new products and became the industry's "price butcher", Huang Renxun, wearing a black leather jacket, faced another plunge in Nvidia's stock price because of his role as the industry's "price butcher": a big negative line of 8%, which once again triggered market concerns.
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