Nvidia’s sales forecast fails to satisfy investors amid AI concerns
Nvidia Corp. failed to impress investors with its latest forecast, signaling that concerns about an overheated AI economy will continue to dog the company.Fiscal first-quarter sales will be about $78 billion, the chipmaker said in a statement Wednesday. Though the average Wall Street estimate was $72.8 billion, some analysts had projected numbers approaching $80 billion, according to data compiled by Bloomberg.After a remarkable run of sales growth, which turned Nvidia into the world’s most valuable company ...