Nvidia’s share price falls 8.5%

By Gokhan Ergocun

ISTANBUL (AA) - The share price of chipmaker Nvidia dropped 8.5% in Thursday's trading, despite higher than expected revenue figures.

While the price per share was around $135 at the beginning of this week, it dropped to $120.

The California-based company’s revenue reached $39.3 billion in the last quarter of fiscal 2025, the three-month period ending Jan. 26, up 78% year-on-year.

Its net profit also rose 80% year-on-year to $22.1 billion in the same period.

While Nvidia's revenue and profit outpaced market expectations, the chipmaker announced its revenue expectation for the current quarter as $43 billion.

The optimistic forecasts of Nvidia, which announced its balance sheet for the first time after Chinese startup DeepSeek's AI model shook the markets, calmed concerns about cooling demand in the sector.

The firm's market cap was at $3.22 trillion as of the market’s close Thursday.