Nvidia’s Sales Forecast Fails to Meet Loftiest Estimates
Nvidia, the chipmaker at the heart of the artificial intelligence boom, delivered a sales forecast that fell short of the highest estimates, adding to investor concerns that AI spending is poised for a slowdown.
Revenue in the current period will be $108 billion, plus or minus 2%, the company said in a statement Wednesday. Though analysts had estimated $105.2 billion on average, some projections exceeded $110 billion, according to data compiled by Bloomberg. Kunjan Sobjani, Bloomberg Intelligence Senior Semiconductor Analyst and Bloomberg Tech Host Ed Ludlow react to earnings (Source: Bloomberg)
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