Shares, Stock of Nvidia (NVDA 5.08%) fell in after-hours trading on Thursday
Because investors responded to the chipmaker's lower-than-expected guidance.
As of 6:40 p.m. ET, Nvidia's share price was down more than 6% after rising 5% earlier in the day.
Nvidia's revenue grew 46% year over year to $8.29 billion in the third quarter of fiscal 2023
Which ended on 1 May. This impressive growth was fueled by an 83% increase in data center sales
Boosted by $3.75 billion and 31% growth in gaming. Revenue, $3.62 billion.
"We delivered record results in data center and gaming against the backdrop of a challenging macro environment"
Founder and CEO Jensen Huang said in a press release.