Reported about 1 month ago
Nvidia's quarterly forecast failed to meet investor expectations, leading to a 6% drop in its shares and affecting other chip manufacturers. The company's growth rate remains strong at 122%, but the smaller-than-anticipated revenue forecast for the current quarter has raised concerns about the future of generative AI investments. Despite a $50 billion share buyback and a recent history of exceeding forecasts, the company faces scrutiny from regulators and investor jitters regarding the long-term viability of the AI market.
Source: YAHOO