Nvidia's $78billion revenue outlook is failing to ignite investors as they underscore that AI investors are increasingly demanding scrutiny and profitability, not priced-in promise, warns the CEO of global financial advisory giant deVere Group.
Nvidia delivered more stellar earnings, posting revenue of $57 billion compared with $54 billion forecast, but investors must avoid ‘AI complacency’, warns the CEO of one of the world’s largest independent financial advisory organisations.
A sudden stumble in Nvidia, the stock most emblematic of the artificial intelligence boom, has shaken Wall Street out of its summer calm, sending the Nasdaq 100 down 1.4% in one of its sharpest drops since April.
