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Nvidia’s stock eases back from record high following big earnings beat, strong outlook

Nvidia Corp. shares eased off their record highs in the extended session Thursday, following an earlier after-hours gain, as the chip maker reported quarterly results and an outlook that topped Wall Street estimates.

Nvidia NVDA, -2.15% shares fell 2% after hours, following a 2% gain right after the earnings release. Shares booked a 1.7% gain to close at a record high of $260.13 in the regular session.

The company reported first-quarter net income of $1.24 billion, or $1.98 a share, compared with $507 million, or 79 cents a share, in the year-ago period. Adjusted earnings were $2.05 a share.

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