Nvidia Shares Fall on Muted Data Center Outlook After Solid Q3

Nvidia Corp.  (NVDA) – Get Report shares slipped lower Thursday after the chipmaker said capacity issues, as well as waning demand, would trim near-term revenue growth in two of its key business sectors. 

Nvidia posted overall third-quarter revenues of $4.73 billion, a 57% increase from the same period last year and firmly ahead of the Street consensus forecast of $4.4 billion. Earnings for the three months ending in September were pegged at $2.91 per share, Nvidia said, up 63% from last year and 34 cents ahead of Street forecasts.

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