Nvidia reported record revenue of $81.6 billion, the company announced on Wednesday. The figure marks a new high for the chipmaker, though investors responded by sending shares down 1.6% in after-hours trading.
Investor reaction to the earnings
The after-hours decline came as Wall Street digested the quarterly results. While the revenue figure set a record, the stock's move suggests some traders had priced in an even stronger report or were focusing on other details in the earnings release. After-hours trading can be volatile and doesn't always predict the next regular session.
Nvidia's regular trading session had ended before the announcement. The company's shares have been a major focus for markets given its role in the semiconductor industry.
No further details were provided in the announcement. The exact breakdown of revenue by segment and profit figures were not disclosed in the initial release.
