Why are investors unhappy with Nvidia? ‘Markets got it wrong,’ says CEO Jensen Huang

Nvidia has announced its latest forecast for sales, and investors were not fully impressed. The company expects its first-quarter revenue to be around $78 billion. While this is higher than the average Wall Street estimate of $72.8 billion, according to Bloomberg, some analysts had hoped for numbers closer to $80 billion.

After years of rapid growth, Nvidia is finding it harder to meet the very high expectations of investors. Shares fell about 1% after the news. And one of the major reasons could be the growing competition from rivals like Google, who are focused on their in-house chips.