Nvidia's financial report showing weakness sparks concerns over slowing growth in AI.
Nvidia said in a statement on Wednesday that its sales for the third quarter of October were about $54 billion. Although this is in line with the average expectations of Wall Street, some analysts had expected the figure to exceed $60 billion. The company's lukewarm prospects have heightened concerns about the sustainability of investment in artificial intelligence systems. After the news was announced, Nvidia's stock price fell by about 4% in after-hours trading. As of the close, Nvidia's stock price has risen 35% this year, with a market value exceeding $400 billion.
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