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AI giant Nvidia delivers strong earnings but fails to satisfy growth-hungry investors
NvidiaNvidia(US:NVDA) New York Post·2024-08-28 21:40

Nvidia posted strong quarterly results after Wednesday’s closing bell but forecast a third-quarter gross margin that could miss market estimates — putting a damper on investors who have driven a dizzying rally in the AI chip giant.Shares of the Santa Clara, Calif.-based company — which have risen more than 150% this year — fell 3% in extended trading after it closed the regular session down 2%.The world’s second most valuable company, led by CEO Jensen Huang, took a slight hit after it forecast revenue of $ ...