Why did nvda stock drop after reporting good earnings? Is NVDA stock in trouble or is it a good stock to invest in long term? Nvidia (NVDA) late Wednesday beat expectations for its fiscal second quarter and with its outlook. But Nvidia stock fell in extended trading. Nvidia posted a strong second quarter and set a $60 billion stock buyback, but its shares fell in post-close trading after a narrow revenue miss in a key segment. The chip firm, the world’s most valuable company, said its adjusted earnings per share were $1.05 in the quarter, 4 cents above analysts’ estimates. Revenue was also above estimates and the firm’s third-quarter guidance appeared solid.
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