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Nvidia’s Sales Forecast Fails to Meet Lofty Expectations #nvda
Posted
August 28, 2024
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1:01Now PlayingNvidia Corp., the chipmaker at the heart of the artificial intelligence boom, gave a revenue forecast that fell short of some of the most optimistic estimates, stoking concern that its explosive growth is waning. Third-quarter revenue will be about $32.5 billion, the company said Wednesday. Though analysts had predicted $31.9 billion on average, estimates ranged as high as $37.9 billion. The company also signaled that it was working through production snags with its highly anticipated new Blackwell chip, weighing on Nvidia’s stock in late trading. #nvidia #stockmarket #nasdaq #earnings #nvda
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