Lates News

Nvidia stated in a statement on Wednesday that sales for the third fiscal quarter ending in October were approximately $54 billion. Although this is in line with the average expectations on Wall Street, some analysts had previously predicted that the figure would exceed $60 billion. The company's lukewarm outlook has heightened concerns about the sustainability of investments in artificial intelligence systems. Nvidia's stock fell by about 4% in after-hours trading after the news was announced. As of the close, Nvidia's stock price has risen by 35% this year, with a market value exceeding $400 billion.