Nvidia shares fell 3.21% in premarket trading after the company reported third-quarter earnings that, despite beating expectations with $35.08 billion in revenue (up 94% year-on-year), indicated a slowdown in growth compared to previous quarters. This decline affected other chipmakers, with Intel, Qualcomm, and AMD also experiencing losses. Analysts remain optimistic about Nvidia's future, particularly with the anticipated launch of its next-generation chip, Blackwell, amid strong demand.
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