Nvidia Shares Slide After Sales Forecast Underwhelms Investors
Nvidia Corp. , the dominant maker of artificial intelligence chips, suffered its worst stock decline in three months after the company’s latest forecast failed to dispel fears of an AI bubble.
The shares fell as much as 5.6% to $184.58 in New York, marking the biggest intraday drop since Nov. 25. The decline followed a first-quarter sales outlook that — on its face — looked impressive. Nvidia easily beat the average analyst estimate and delivered a 73% surge in fourth-quarter revenue.
