(Bloomberg) — Nvidia Corp., which walked away from a $40 billion acquisition of Arm Ltd. earlier this month, failed to impress investors with its latest forecast, a sign of the lofty expectations for the most valuable U.S. chipmaker.
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Though the company topped Wall Street estimates with its latest quarterly results Wednesday — and projected strong growth for the current period — the shares slipped more than 2% in late trading.
Chief Executive Officer and co-founder Jensen Huang has turned a niche business — graphics cards for gamers — into a chip empire worth more than $600 billion. But investors have high hopes for the company, and even a record-setting quarter can leave them underwhelmed.
In the “weird world” of Nvidia, investors’ expectations are always different than the consensus estimate, Vital Knowledge analyst Adam Crisafulli said in a note….
