Nvidia’s monster third quarter, bullish guidance, and multi-trillion dollar potential was not enough to satisfy Wall Street. Similar to what happened last quarter, the world’s largest stock ticked more than two percent lower in overnight trading following the blowout earnings report:

The swing came amid an unusually high-volume trading session, with more than 200 million Nvidia shares trading hands in the first 100 minutes of trading, topping the stock’s median full-day volume over the prior 20 trading sessions of 196.5 million, according to Yahoo Finance data.

Nvidia's recent Q3 report exceeded Wall Street's high expectations, yet the stock was down. Due to high demand for its Hopper and new Blackwell Superchips, Nvidia is raking in cash. Research suggests short-term dips are normal in a situation like this.

Despite nearly doubling sales year-on-year, Nvidia's third-quarter results show a slowdown from previous quarters.

Key Takeaways Nvidia shares moved higher in premarket trading Thursday after the AI investor favorite released quarterly results and an outlook that surpassed Wall Street expectations.Trading volumes have remained light following a breakout from an ascending triangle,

Nvidia's third-quarter earnings report, released after the market closed today, was strong. The stock is down in after-hours trading.