Nvidia Beats Expectations, But Stock Dips on Slowing Growth

• Nvidia's Q2 chip sales doubled to $30 billion, projecting $32.5 billion next quarter
• Revenue forecast beat Wall Street expectations for 8th straight quarter
• Stock fell 6% in after-hours trading despite strong performance
• Analysts cite profit-taking and slimmer margin of expectations beat as reasons for dip
• Smaller rivals developing specialized chips to challenge Nvidia's AI market dominance

Source: Semafor