Chip manufacturer: Nvidia exceeds revenue forecast expectations - stock falls slightly
Even after a solid quarterly report, investors' concerns about the chipmaker's future dominance remain. Nvidia managed to increase profit and sales surprisingly significantly.
Nvidia has exceeded Wall Street expectations with its revenue forecast, predicting $108 billion in earnings for the third quarter, with a possible variation of two percent. This is higher than the $104.2 billion expected by analysts. Despite this, investor concerns about Nvidia's long-term dominance in the AI chip market persist. The company assumes it will not sell any data center chips in China. Nvidia's stock initially fell 1.2 percent in after-hours trading.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
