Nvidia Fails to Satisfy Lofty Investor Expectations for AI Boom
- Numbers top estimates, but miss some loftier expectations
- Nvidia announces new chips designed to meet China restrictions
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Nvidia Corp. investors gave a cool reaction to its latest quarterly report, which blew past average analysts’ estimates but failed to satisfy the loftier expectations of shareholders who have bet heavily on an artificial intelligence boom.
Revenue in the current period will be about $20 billion, the world’s most valuable chipmaker said Tuesday in a statement. Though that topped the average Wall Street prediction of $17.9 billion, some projections reached as high as $21 billion.