As Nvidia serves up a giant cookie, Wall Street asks for milk ...Middle East

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As Nvidia serves up a giant cookie, Wall Street asks for milk
Analysis by Allison Morrow, CNN New York (CNN) — The world’s leading AI chip producer, Nvidia, just delivered a slam dunk earnings report that most businesses would be jealous of. Sales rose 122% in the second quarter. Profits doubled. The outlook for the current quarter? Strong. In short: The numbers were fantastic. Yet Nvidia’s shares (NVDA) slumped 7% after its earnings came out Wednesday night, and they stayed down Thursday. For a stock that’s up more than 150% for the year, that’s nothing to fret over. But the dip says a lot more about Wall Street than it does about Nvidia. Here’s the deal: Wall Street has been all aboard the AI hype train for the better part of the last 18

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