Nvidia Forecast Fails to Meet Loftiest Estimates for AI Star [Yahoo! Finance]
Microsoft Corporation (MSFT)
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Source: Yahoo! Finance
Most Read from Bloomberg Paris to Replace Parking Spaces With Trees Trump Promises Could Have Seismic Impact on Washington Economy New York's Transit Agency Approves $9 Congestion Toll Tokyo's Scorching Summers Focus Public Anger Against Tree Cutting NY Congestion Pricing Survived a Pause. Here's What Could Kill It Fiscal fourth-quarter sales will be about $37.5 billion, the company said in a statement Wednesday. Though the average analyst estimate was $37.1 billion, according to data compiled by Bloomberg, projections ranged as high as $41 billion. The outlook suggests that AI excitement may be getting ahead of reality. Nvidia investors bid up the shares nearly 200% in 2024, turning it into the world's most valuable company. But the chipmaker has had trouble keeping up with demand for its products and struggled with production snags this year. Chief Executive Officer Jensen Huang said that Nvidia's new lineup, called Blackwell, is now in “full production.” Demand for
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