On Wednesday local time, chip giant Nvidia, which is seen as a catalyst for the future trend of the US stock market, released its financial report after hours. Several Federal Reserve officials expressed support for cautious interest rate cuts, further cooling the market's expectation of a 25 basis point rate cut by the Fed in December. Investors waited for Nvidia's financial report while trading cautiously. The three major US stock indexes fluctuated slightly throughout the day, with mixed gains and losses at the end of the day. As of the close, the Dow Jones Industrial Average rose 0.32%, the S&P 500 index almost closed flat, and the Nasdaq fell 0.11%.
Nvidia's revenue growth slows down in the third quarter of fiscal year 2025, and its stock price fell by 5% after the market closed
The financial report of US chip giant Nvidia, which investors are most concerned about this week, was released in the after hours period on Wednesday, and Nvidia's stock price closed down 0.76% on the same day. The financial report shows that the company's main indicators such as revenue, earnings per share, and gross profit margin in the third quarter of fiscal year 2025 are all higher than market expectations. However, the overall revenue growth rate continued to slow down, with a year-on-year increase of 94% in the current quarter, failing to achieve the triple digit increase that has occurred multiple times in previous quarters. In terms of performance guidance, the company's median revenue guidance for the fourth quarter did not fully exceed analysts' expectations. Due to the rapid growth of business in the past few quarters, "overall better than analyst expectations" has become the market's "standard expectation" for Nvidia's financial report. However, this report did not fully exceed analysts' paper expectations, causing Nvidia's stock price to fall by 5% in the after hours period on Wednesday.