NVIDIA's Stock Price Falls After Latest Earnings Report

Company Reports Lower-Than-Expected Revenue and Earnings

Disappointing Results Send Shares Down 13%

Shares of NVIDIA Corporation (NVDA) are falling sharply in after-hours trading today after the company released its latest earnings report. The company reported revenue of $5.73 billion, which was below analysts' estimates of $5.87 billion. NVIDIA also reported earnings per share of $0.76, which was also below estimates of $0.82.

The disappointing results sent NVIDIA's stock price down 13% in after-hours trading. The stock is currently trading at $236.35, down from its closing price of $273.79.

NVIDIA's earnings report comes at a time when the semiconductor industry is facing a number of challenges. The global chip shortage has led to higher prices for semiconductors, and the ongoing COVID-19 pandemic has disrupted supply chains.

Despite these challenges, NVIDIA has been a strong performer in recent years. The company's graphics chips are used in a wide range of applications, including gaming, artificial intelligence, and data centers.

However, NVIDIA's stock price has been volatile in recent months. The stock has fallen from a high of $346.45 in November 2021 to its current price of $236.35.

It is unclear whether NVIDIA's stock will continue to fall or if it will rebound in the coming weeks. The company's next earnings report is scheduled for May 25, 2023.