Nvidia share price declines 7% in extended trade after Q2 results, $50 billion buyback

Nvidia reported its second quarter earnings mostly ahead of estimates, but the chipmaker’s guidance for the next quarter failed to impress Wall Street investors. The company announced Q2 results after the bell.

Nvidia share price ended 2.1% lower at $125.61 apiece at the closing bell. However, Nvidia stock price declined 6.89% in the after-hours trading. Its total market value as of the close Wednesday was at $3.156 trillion as against around $1.15 trillion one year ago.