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Nvidia slides after subdued growth fails to wow investors

Bloomberg
Bloomberg • 5 min read
Nvidia slides after subdued growth fails to wow investors
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Nvidia Corp, the chipmaker at the centre of an AI spending boom, delivered good-but-not-great quarterly numbers, disappointing investors accustomed to blowout results. 

Sales will be about US$43 billion in the fiscal first quarter, which runs through April, Nvidia said on Wednesday. Analysts had estimated US$42.3 billion on average, with some projections ranging as high as US$48 billion.

The company also warned that gross profit margins would be tighter than anticipated as it rushes to roll out a new chip design called Blackwell. And there’s the risk of US tariffs weighing on results. 

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