Nvidia’s stock falls 15% after earnings miss

Graphics and AI chip maker Nvidia saw its stock price fall 15 percent in after-hours trading after it reported third fiscal quarter earnings (ended October 28) that missed Wall Street’s targets.

On average, analysts expected revenue of $3.24 billion (up 23 percent annually) and non-GAAP earnings per share of $1.93. Nvidia came in with revenues of $3.18 billion and GAAP earnings per share of $1.97 and non-GAAP earnings per share of $1.84.