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Nvidia CEO: Here Comes Robot Taxis

Nvidia Corp.'s (NVDA) record second-quarter revenue and an earnings beat did not impress Wall Street.

Shares of the chipmaker tumbled 6.3% to $154.30 after hours on Thursday. Sales increased 56% to $2.23 billion and topped forecasts of $1.96 billion. Earnings of $1.01 per share topped forecasts of 70 cents per share.

While products, data centers, gaming and cryptocurrency traders drove results in the quarter, CEO and co-founder Jensen Huang pointed to the coming era of robot taxis and self-driving cars that Nvidia would power. In the "era of artificial intelligence," he told investors, Nvidia wants...


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