Nvidia Tumbles After Lockdowns, Ukraine War Hurt Forecast
- Revenue this quarter expected to come up short of projections
- Outlook overshadows strong results in previous quarter
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Nvidia Corp., the largest U.S. chipmaker by market value, slid in premarket trading after China’s Covid-19 lockdowns and the war in Ukraine weighed on its sales forecast.
Revenue in the current quarter will be roughly $8.1 billion, the company said in a statement Wednesday. That compares with an $8.44 billion average analyst estimate, according to data compiled by Bloomberg.