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- Revenue more than doubles
- Growth slowing from its remarkable pace
Nvidia (US:NVDA) beat analyst expectations for its second quarter, but the share price fell 7 per cent in after-market trading following news that its newest AI chip was months behind schedule due to a design flaw.
In the three months to 28 July, Nvidia’s revenue rose 122 per cent year on year to $30bn (£22.6bn), ahead of the $28.7bn analyst consensus forecast compiled by FactSet. Most of this growth came from the data centre business, where revenue increased 154 per cent year on year to $26.3bn. The gaming division was up 16 per cent to $2.9bn.