Nvidia's revenue forecast fell short of high market expectations.
August 29, 2024, 5:35 JST
Nvidia, a leading semiconductor manufacturer for artificial intelligence (AI), announced a revenue forecast that fell below the most optimistic market expectations, raising concerns about the slowdown of explosive growth.
According to the announcement, the revenue forecast for the 3rd quarter (August-October) is expected to be around $32.5 billion. The average analyst estimate was $31.9 billion, but some predicted it to reach $37.9 billion. The revenue for the 2nd quarter (May-July) surpassed market expectations.
Nvidia, a leading semiconductor manufacturer for artificial intelligence (AI), announced a revenue forecast that fell below the most optimistic market expectations, raising concerns about the slowdown of explosive growth.
According to the announcement, the revenue forecast for the 3rd quarter (August-October) is expected to be around $32.5 billion. The average analyst estimate was $31.9 billion, but some predicted it to reach $37.9 billion. The revenue for the 2nd quarter (May-July) surpassed market expectations.
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