Nvidia shares drop despite strong Q3 results; record date for dividend announced

Nvidia (NVDA), listed on Nasdaq, closed yesterday at $145.89, down 0.76 percent. On Thursday, November 21, NVDA trades at roughly $140.59 in the pre-market session, lower by 3.65%.

Nvidia reported a 35.1 billion revenue increase in Q3 2024, up 17% from the previous quarter and 94% from the previous year. Nvidia’s third-quarter results exceeded analysts’ expectations, however, the stock price declined in extended trading due to investors’ higher expectations.