Nvidia stock turns positive in premarket trading as investors buy dip following earnings report

Core Insights - Nvidia reported better-than-expected earnings and revenue for the fiscal second quarter, leading to a positive turn in stock during premarket trading [1] - Sales surged 56% year-over-year to $46.74 billion, exceeding Wall Street's expectations of $46.06 billion [2] - Adjusted earnings per share were $1.05, surpassing the estimated $1.01 per share by analysts [2] Revenue Breakdown - Data center revenue reached $41.1 billion, showing a 56% increase year-over-year, although it fell short of estimates for the second consecutive period [2] - Nvidia expects revenue for the upcoming quarter to be around $54 billion, with a margin of plus or minus 2%, compared to analysts' expectations of $53.1 billion [3] - Analysts at Benchmark noted that the guidance provided by Nvidia represents "only modest upside to an elevated Street consensus" [3]