NVIDIA's stock drops even after record-breaking revenue
NVIDIA just reported a huge $57 billion in Q3 revenue—a 62% jump from last year.
But despite these big numbers, NVIDIA's stock still fell over 4% as tech stocks took a hit.
Why does this matter?
Even with all the hype around AI, investors are starting to worry about how much money is being poured into AI projects and whether that's sustainable.
Plus, concerns about rising interest rates aren't helping tech stocks either.
It's a reminder that strong earnings don't always mean happy investors.
What's behind the drop?
NVIDIA's success couldn't calm fears about overspending by major AI players or uncertainty over future interest rate cuts.
Still, with its strong financials and leading spot in AI hardware, NVIDIA looks set for more growth—though some bumps may be ahead if market worries stick around.