Nvidia’s AI Boom Fails to Meet Investors’ High Hopes
Investors of Nvidia Corp. responded with a lukewarm reception to the company’s recent quarterly report. Although the report exceeded the predictions of average analysts, it did not meet the higher expectations of shareholders who have heavily invested in the potential of artificial intelligence. The turnover for the current period is about 20 billion dollars, the world’s most valuable chip manufacturer said in a statement on Tuesday. While that beat Wall Street’s average forecast of $17.9 billion, some forecasts were as high as $21 billion. Shares fell 3% to $484.42 in…
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