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Cryptopolitan 2024-08-29 04:48:01

Nvidia erases $250B in market cap despite strong earnings

Nvidia (NVDA) reported stronger-than-expected earnings during the quarter ending June but stocks of the AI giant fell by over 8%. The company posted earnings per share (EPS) of $0.68, surpassing expectations of $0.65. The stock reaction has wiped out around $250 billion in market capitalization within minutes of the earnings call. Wall Street now awaits

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