Nvidia sales forecast falls about $1 billion short of expectations, stock falls

Nvidia Corp. executives on late Wednesday forecast another revenue shortfall in the current quarter, after confirming an earlier warning by showing a sharp reduction in profit, while the chip maker assured analysts it was working its way through inventory prior to the release of its new chip architecture. For the fiscal third, or current, quarter, …

Nvidia sales forecast falls about $1 billion short of expectations, stock falls Read More »