Reported 1 day ago
Nvidia reported strong demand for its upcoming Blackwell chips but indicated that production costs will impact profit margins, leading to a sales forecast that did not meet Wall Street's highest estimates. Despite a significant year-to-date increase in stock value, the company's prediction of $37.5 billion in fourth-quarter sales disappointed investors, resulting in a 2.3% drop in shares. Nvidia continues to dominate the AI market with rapid growth in its data center division, but challenges such as production issues and dependency on major customers raise concerns about future profitability.
Source: YAHOO