Luis Alvarez
Nasdaq-100 futures (US100:IND) fell and Wall Street’s key volatility gauge (VIX) climbed late Wednesday as investors dug into Nvidia’s (NVDA) Q2 earnings report that outstripped top-and-bottom line expectations.
Nasdaq-100 futures (US100:IND) were off 2% at 19,196.00, and the S&P VIX (VIX) index jumped 10.9% to 17.11.
Nvidia (NVDA) posted Q2 adjusted EPS of $0.68 on revenue of $30.04B, above analyst targets of $0.68/$28.73B. Data Center revenue climbed, but the growth rate slowed. The company also announced a $50B share buyback plan.
Nvidia (NVDA) slumped 5.5% to $118.70 during Wednesday’s after-hours trade. Seeking Alpha Investing Group Leader Victor Dergunov said investors were likely looking for more out of the company’s results and guidance.
Other companies releasing quarterly results late Wednesday:
Salesforce (CRM), a part of Dow Jones Industrial Average (DJI), +3% after fiscal Q2 results from the…
