Nvidia Stock Slides 2% After Withholding Long-Term Guidance, Schedules Investor Webcasts
Nvidia shares fell 2% after its earnings report omitted new multi-year guidance, even as its CIO cited record AI-driven revenue growth and rising demand in autonomous driving. The chipmaker will present at the TD Cowen conference May 28 and BofA Global Technology Conference June 4 via live webcasts.
1. Earnings Reaction
On May 21, Nvidia’s stock closed down 2% following its quarterly report, as management declined to provide updated multi-year revenue or margin projections. Investors had been seeking longer-term targets to gauge sustainability of the company’s rapid AI growth.
2. CIO Commentary
During the post-earnings call, Nvidia’s Chief Investment Officer emphasized that real AI revenue numbers validate genuine market demand, highlighting applications in autonomous driving and data-center acceleration. This commentary aimed to reassure investors about the company’s long-term growth prospects despite lack of formal guidance.
3. Investor Events Schedule
Nvidia confirmed it will host live webcasts at the TD Cowen 54th Annual Technology, Media & Telecom Conference on May 28 at 7:15 a.m. PT and the Bank of America Global Technology Conference on June 4 at 8:40 a.m. PT. Replays of both presentations will be available on Nvidia’s investor website for 90 days.