Nvidia shares slide despite upbeat quarterly forecasts

Nvidia shares fell 3.1 percent on Thursday despite beating quarterly estimates. Investors reacted coolly to upbeat forecasts after a long streak of beats.

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Shares of NVIDIA Corporation retreated on Thursday despite the semiconductor giant posting quarterly results and future guidance that surpassed analyst expectations. The company's stock fell 3.1% to $189.67 in early morning trading, a decline that pressured major equity indexes in the United States.

A smartphone displaying the NVIDIA logo is placed on a computer motherboard in this illustration from March 2023. REUTERS/Dado Ruvic/Illustration
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