Nvidia beats Q2 estimates as data center continues to grow, but shares fell 6%

Nvidia reported its highly anticipated Q2 earnings after the bell on Wednesday, beating expectations on the top and bottom line.

) reported its second quarter earnings after the bell on Wednesday, beating expectations on the top and bottom line, and beating on anticipated guidance for the coming quarter.

The company also provided third quarter revenue guidance of $32.5 billion plus or minus 2%, analysts were looking for $31.9 billion.The bulk of that revenue came from Nvidia’s all-important data center business, which brought in $26.3 billion in the quarter versus Wall Street's expectations of $25 billion in revenue. The company saw just $10.3 billion the segment in the same quarter last year..

"There are emerging competitors like AMD that are starting to take a little bit of market share," Stifel managing director Ruben Roy told Yahoo Finance Monday. "But when you look at the overall infrastructure spend cycle … which we think is going to continue to increase, Nvidia appears to us as the best positioned to benefit from .

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