Nvidia's quarterly forecast fails to impress investors, shares fall

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Nvidia's quarterly forecast fails to impress investors, shares fall - Business Standard

Quick Summary:

Shares of the chipmaker fell 6 per cent in after-hours trading, weighing on shares of chipmakers including Advanced Micro Devices and Broadcom, as well as other tech behemoths.

The company said in its quarterly filing it has received requests for information from regulators in the US and South Korea, regarding "sales of GPUs, our efforts to allocate supply, foundation models and our investments, partnerships and other agreements with companies developing foundation models." Previously the company had noted inquiries only from the EU, UK and China.

Nvidia expects adjusted gross margin of 75 per cent, plus or minus 50 basis points, in the third quarter.