Headline: NVIDIA's Fourth Quarter Revenue Falls Short of Wall Street Expectations

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)