Nvidia announced its fourth-quarter revenue forecast, which slightly exceeded expectations but fell short of some investors' high hopes. The company projected revenue of $37.5 billion, plus or minus 2%, compared to analysts' average expectation of $370.9 billion. Following the announcement, Nvidia's stock fell about 2% in after-hours trading. CEO Jensen Huang highlighted the rapid advancement of artificial intelligence and the growing demand for Nvidia's computing solutions, including Hopper and Blackwell. Despite the earnings forecast, Nvidia's stock has risen significantly, more than doubling this year and increasing over nine times in the past two years.

BlockBeats News, November 21st. Nvidia on Wednesday announced its fourth-quarter revenue forecast slightly above expectations but still below some investors' high hopes. The company fell about 2% in after-hours trading after the earnings release. The company expects fourth-quarter revenue to be $37.5 billion, plus or minus 2%, while analysts' average expectation, according to data compiled by LSEG, is $370.9 billion. Nvidia CEO Jensen Huang said: "The era of artificial intelligence is advancing rapidly, driving the global shift to Nvidia computing." He said: "As base model manufacturers scale up pre-training, post-training, and inference, the demand for Hopper and the expectations for Blackwell are incredible." Expectations were high before the earnings announcement, with Nvidia's stock price rising more than 20% in the past two months. So far this year, the company's stock price has nearly doubled, surging more than nine times in the past two years. (Jinshi)

Nvidia's Q4 Revenue Forecast Exceeds Expectations but Disappoints Some Investors

Nvidia's Q4 Revenue Forecast Exceeds Expectations but Disappoints Some Investors