News Formal

Nvidia forecasts third-quarter revenue in line with market

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 98%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nvidia earnings now rival US jobs report for economic impactThe company’s results, due late on Wednesday, will have implications for other tech stocks
Source: IrishTimes - 🏆 3. / 98 Read more »

Nvidia’s earnings: another wild ride aheadA trillion lost, $750 billion gained: if you’re a trader looking for volatility, Nvidia is usually the place to be
Source: IrishTimes - 🏆 3. / 98 Read more »