Nvidia forecasts revenue lower than Wall Street expectations
Shares of the company fell 6.7% in extended trading
By Shubhangi Mathur
Published - May 25, 2022, 09:20 PM ET
Last Updated - Feb 29, 2024, 01:59 PM EST
• Shares of the company fell 6.7% in extended trading
Nvidia Corp (NASDAQ: NVDA) on Wednesday forecast second-quarter revenue lower than Wall Street expectations amid supply-chain constraints.
Shares of the company fell 6.7% in extended trading, down 40% so far this year.
The chip maker forecast second-quarter revenue of $8.10 billion, plus or minus 2%, compared to expectations of $8.45 billion, according to Refinitiv.
