Nvidia Slides After Subdued Growth Fails to Wow Investors (1)

Nvidia Corp., the chipmaker at the center of an AI spending boom, delivered good-but-not-great quarterly numbers, disappointing investors accustomed to blowout results.

Sales will be about $43 billion in the fiscal first quarter, which runs through April, Nvidia said on Wednesday. Analysts had estimated $42.3 billion on average, with some projections ranging as high as $48 billion.

The company also warned that gross profit margins would be tighter than anticipated as it rushes to roll out a new chip design called Blackwell. And there’s the risk of US tariffs weighing on results.

Nvidia’s stock slid 8.5% in New ...