Nvidia forecasts third-quarter revenue in line with market

📆 28/08/2024 21:54:00
📰 IrishTimes

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Shares in the chipmaker fell 5%in extended trading

Nvidia forecast third-quarter revenue largely in line with market estimates on Wednesday, failing to impress investors who have driven a dizzying rally in its shares as they bet billions on the future of generative artificial intelligence.

Investors had lofty expectations from the chipmaker, following a more than seven-fold surge in Nvidia's shares over the last two years - making it one of the biggest beneficiaries of a rally in AI-linked shares.

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