Nvidia earnings come in at $2.18 vs. $1.97 estimate

Nvidia shares closed at $485.54 down $4.89 or -1%

• Earnings-per-share $2.18 vs. $1.97 estimate
• Revenues $3.87 billion vs. estimate of $3.66 billion
• Adjusted gross margin comes in at 66% which is spot on with the estimates
• Sees third-quarter revenue at $4.4 billion plus or -2% vs. estimate of $3.96 billion
• 2nd quarter data center revenue $1.75 billion vs. estimate of $1.62 billion
• Gaming center revenues $1.65B vs. estimate of $1.41 billion

Nvidia shares are trading down about $1.50 from the closing level of $485.54 in volatile trading