The outlook adds to concern that the pace of investment in AI systems is unsustainable. Difficulties in China also have clouded Nvidia’s business. Though the Trump administration recently eased curbs on exports of some AI chips to that country, the reprieve hasn’t yet translated into a rebound in revenue.
Nvidia Corp, the world’s most valuable company, gave a tepid revenue forecast for the current period, signalling that growth is decelerating after a staggering two-year boom in artificial intelligence spending.
Sales will be roughly US$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 US$60 billion.
