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3. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 84

Shares of NVIDIA Corporation (NASDAQ:NVDA) turned red before the opening bell on Thursday after announcing weak financial results for its fiscal second quarter and issuing a disappointing outlook for the current quarter.

The Delaware-based tech giant reported adjusted earnings of 51 cents per share, down 51 percent on a year-over-year basis and below expectations of $1.26 per share. Revenue inched up 3 percent versus last year to $6.7 billion, while analysts expected NVIDIA Corporation (NASDAQ:NVDA) to post revenue of $8.10 billion.

NVIDIA Corporation (NASDAQ:NVDA) also released its segment-wise sales results. Its data center revenue climbed 61 percent to $3.81 billion and automotive revenue jumped 45 percent to $220 million in the quarter. On the downside, gaming revenue plummeted 33 percent to $2.04 billion, while professional visualization revenue slipped 4 percent to $496 million.

Looking forward, NVIDIA Corporation (NASDAQ:NVDA) expects to generate revenue of around $5.9 billion in the current quarter, well below analysts’ average estimate of $6.95 billion.