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Nvidia forecasts revenue lower than Wall Street expectations

By Shubhangi Mathur - 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

• 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.

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