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Nvidia shares plunge after Q1 figures, crypto mining card revenue ‘nominal’ -Breaking

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Nvidia shares plunge after Q1 figures, crypto mining card revenue ‘nominal’

American graphics card manufacturer Nvidia’s stock price tumbled in after-hours trading on Thursday because the revenue outlook for Q2 has fallen short of expectations.

Quartly, the company saw strong growth between Q4 2021 and Q1 2022. Revenue grew by 8% to $8.98 billion while earnings per share climbed to $1.36. Additionally, it stated that it would maintain a $15 billion share purchaseback program up to 2023. As perTo the United States Securities and Exchange Commission.