Nvidia stock fall spooks AI investors

Value fell despite record earnings

Tom Allen
clock • 2 min read
Nvidia stock fall spooks AI investors

A fall in Nvidia's share value shows investors are increasingly wary of the promise of AI.

Nvidia has announced record revenues of $30 billion for Q2 2024, more than double last year's figure. Revenues rose 15% compared to last quarter (QoQ) and 122% versus the same period last year (...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
Facebook and Instagram to hide AI-edited image labels

Social Networking

Claims new approach will better reflect extent to which AI has been used

clock 16 September 2024 • 3 min read
China refuses to sign agreement on AI control of nuclear weapons

Threats and Risks

Global call to maintain human involvement in all nuclear related decisions

clock 12 September 2024 • 3 min read
Lords seek to regulate automation in public sector

Artificial Intelligence

Labour has concerns about unregulated AI

clock 11 September 2024 • 3 min read
Most read
01

Fortinet confirms data breach

16 September 2024 • 2 min read
03

Ransomware targets London branch of China's ICBC

13 September 2024 • 2 min read
04
05

IT Essentials: Closing the open source tap

16 September 2024 • 3 min read

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

More on Finance and Reporting

Nvidia stock fall spooks AI investors

Nvidia stock fall spooks AI investors

Value fell despite record earnings

Tom Allen
clock 29 August 2024 • 2 min read
Meta revenues grow strongly in Q2

Meta revenues grow strongly in Q2

But it's not because of AI

Tom Allen
clock 01 August 2024 • 2 min read
Wall Street suffers as Tesla and Google stocks falter

Wall Street suffers as Tesla and Google stocks falter

Nasdaq Composite and S&P 500 drop significantly

clock 25 July 2024 • 3 min read