The outlook signals that AI excitement may be getting ahead of reality. Nvidia investors bid up the shares nearly 200% in 2024, turning it into the world’s most valuable company. But the chipmaker has had trouble keeping up with demand for its products and struggled with production snags this year.
Nvidia Corp, the chipmaker at the heart of an artificial intelligence boom, delivered a revenue forecast that failed to meet the highest expectations, suggesting that the company’s dizzying growth run has its limits.
Fiscal fourth-quarter sales will be about US$37.5 billion, Nvidia said in a statement Wednesday. Though the average analyst estimate was US$37.1 billion, according to data compiled by Bloomberg, projections ranged as high as US$41 billion.
