Nvidia Reports Record Quarter, but Investors Stay Cautious
Nvidia is a big technology company. It makes computer chips. Nvidia had a very good three months. The company made a record amount of money. This means more money than ever before.
Nvidia's revenue was very high. Revenue is the money a company gets from selling things. Nvidia's profit was also very high. Profit is the money left after costs.
After the news, Nvidia's shares went up. Shares are small parts of a company that people can buy. The shares rose more than 4% in the afterhours. Afterhours means after the normal stock market closes.
But not everyone is happy. Some people on Wall Street are not excited. Wall Street is the place in New York where people trade stocks. They wonder if Nvidia's shares are worth this much money. This question is about the valuation of the company. Valuation means how much something is worth.
Vocabulary7 words
- record
- the best or biggest result ever
- revenue
- money a company gets from sales
- profit
- money left after paying costs
- shares
- small parts of a company people can buy
- afterhours
- time after the stock market closes
- Wall Street
- the place in New York with many banks and stock trading
- valuation
- how much something is worth
Quiz
Answer key
1. A record quarter 2. They rose more than 4% 3. False
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Nvidia is a big technology company. It makes computer _____. Nvidia had a very good three months. The company made a _____ amount of money.
Nvidia's _____ was very high. Nvidia's _____ was also very high.
After the news, Nvidia's _____ went up. The shares rose more than 4% in the _____.
But not everyone is happy. Some people on _____ are not excited. They wonder about the _____ of the company.