Nvidia results: Shares slide after sales forecast fails to meet lofty ...

Nvidia, 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 would be about $US32.5 billion, the company said on Wednesday (Thursday AEST). Analysts had predicted $US31.9 billion on average, and estimates ranged as high as $US37.9 billion. The company also signalled that it was working through production snags with its highly anticipated new Blackwell chip, weighing on the shares in late trading.

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Bloomberg