Nvidia’s share price dropped 7% in after-hours trading following their Q2 results and the announcement of a $50 billion buyback.
Nvidia’s share price closed 2.1% lower at $125.61 per share. However, it fell an additional 6.89% in after-hours trading. As of Wednesday’s close, Nvidia’s market value was $3.156 trillion, up from approximately $1.15 trillion a year ago. Nvidia reported second-quarter earnings that mostly exceeded expectations, but its guidance for the next quarter disappointed Wall Street….