((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
(Recast first paragraph, added CEO comment and details) by Arsheeya Bajwa and Max A. Cherney
Nvidia NVDA.O on Wednesday reported fourth-quarter revenue that slightly beat estimates, but fell short of expectations among some investors who have made it the world's most valuable company.
Shares of the Santa Clara, Calif.-based company fell about 2% in extended trading. They closed down 0.8% on Wednesday.
The company forecast fourth-quarter revenue of $37.5 billion, plus or minus 2%, compared with the average analyst estimate of $37.09 billion, according to data compiled by LSEG .
“The AI era is in full steam, propelling a global shift toward NVIDIA computing,” said Jensen Huang, CEO of Nvidia. “The demand for Hopper and the anticipation for Blackwell – in full production – is incredible as core model makers ramp up pre-training, post-training and inference,” he said, making reference to two high-performance AI chips.
Expectations were high ahead of the results, with Nvidia shares up more than 20% over the past two months. The stock has almost quadrupled since the start of the year and has risen more than ninefold over the past two years.
As demand for the company's chips, which form the brains of complex generative AI systems, soars, supply chain issues have prevented Nvidia from announcing the highest revenue figures who helped make her the darling of Wall Street.
One of the bottlenecks for chip supply has been limited capacity for advanced manufacturing techniques at TSMC 2330.TW, the company's manufacturing partner.
The company reported third-quarter adjusted earnings of 81 cents per share, compared with estimates of 75 cents per share.
