Nvidia Forecast Fails to Meet Loftiest Estimates for AI Star [Yahoo! Finance Canada]
Microsoft Corporation (MSFT)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg 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 the products is expected to exceed demand for several quarters. Hopper, the previous design, is still in demand, Huang added. “AI is transforming every industry, company and country,” he said in the statement. “Industrial robotics investments are surging with breakthroughs in physical AI, and count
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