Nvidia earnings forecast: Chipmakers fails to impress investors, shares fall 6%, experts think bar set ‘too high’

Nvidia earnings forecast: Wall Street and investors were “unimpressed” by chipmaker Nvidia’s quarterly earnings forecast released on August 28, Reuters reported. Despite the growth and profits, the reception of the forecast has been mixed.

Nvidia’s shares fell 6 per cent in after-trading hours on August 28, pulling other tech stocks down as well — Advanced Micro Devices (AMD) and Broadcom also fell. Shares of Nvidia’s biggest customers — Alphabet, Amazon, Meta Platforms and Microsoft, also dipped less than 1 per cent in after-hours trading on August 28.