Nvidia falls as Q4 revenue forecast fails to impress Wall Street
Updates
** AI Chip firm Nvidia's NVDA.O shares down 2% to $142.89 premarket
** Stock briefly touched record high before falling again
** On Wednesday, company forecast its slowest revenue growth in seven quarters, failing to meet lofty expectations of some investors who have made it world's most valuable firm
** Company said supply chain constraints would lead to demand for its chips exceeding supply for several quarters in fiscal 2026
** Nvidia forecast Q4 revenue of $37.5 bln, plus or minus 2%, vs est $37.09 bln - LSEG
** Company reported Q3 adj EPS of 81 cents vs est 75 cents
** At least 14 brokerages raise the PT on stock
** JP Morgan says Blackwellchip production ramp progressing well and demand outstripping supply through majority of CY25
** Shares of U.S. chipmakers: NVDA's AI chip rival Advanced Micro Devices AMD.O down 0.5%, Intel INTC.O up 0.5%, while Qualcomm QCOM.O up 0.47%, Micron Technology MU.O rises 0.82%
** 57 of 63 brokerages rate NVDA's shares "buy" or higher, 6 "hold"; median PT $175
** Including session's move, stock up 190.52% YTD vs 24.02% gains in S&P 500 .SPX and ~25.7% rise in Nasdaq .IXIC
Reporting by Sukriti Gupta and Ragini Mathur in Bengaluru
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