Nvidia Corp., the world’s most valuable company, gave a tepid revenue forecast for the current period, signaling that growth is decelerating after a staggering two-year boom in artificial intelligence spending.
Sales will be roughly $54 billion in the fiscal third quarter, which runs through October, the company said in a statement Wednesday. Though that was in line with the average Wall Street estimate, some analysts had projected more than $60 billion.
Bloomberg Senior Semiconductor Analyst Kunjan Sobhani breaks down some of the key earnings figures with Tim Stenovec and Isabelle Lee on Bloomberg Businessweek Daily. (Source: Bloomberg)
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