Shares of Nvidia (NVDA) continue to slide Thursday afternoon after Wall Street remains unimpressed by its second quarter earnings, despite beating most expectations in the report. CFRA Research senior equity analyst Angelo Zino joins Market Domination to give insight into Nvidia’s recent performance, the market’s reaction to its results, and how the company and the sector will operate moving forward. “So I think this is a situation where nothing’s really kind of changed, more of the sell the news kind of event. And listen, at the end of the day, this is a company that beat their numbers. Probably on the data center side we call it about a $1.5 billion or so. And then on the guidance side of things also kind of guided a little bit above the Street, but maybe not as as good as it historically has done,” Zino tells Yahoo Finance. “A big reason for that, obviously, is because those sequential kind of gains at this point in time are definitely slowing.”
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