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Nvidia Revenue Forecast Letdown Sends AMD, Chipmakers Lower

  • AMD and Marvell are among chipmakers that are down postmarket
  • Nvidia is the biggest U.S. chipmaker by market capitalization
Updated on

Nvidia Corp.’s disappointing quarterly revenue forecast sent the stock down as much as 10%, and dragged lower the shares of other large chipmakers with it. 

Advanced Micro Devices Inc. and Marvell Technology were among stocks that fell more than 2% in postmarket trading after Nvidia’s outlook, which the company blamed on Chinese supply chain problems and the war in Ukraine. Other decliners included Micron Technology Inc. and Western Digital Corp.