Nvidia, the world’s most valuable publicly traded company, gave a tepid revenue forecast for the current period, fueling concerns that a massive run-up in artificial intelligence spending is slowing. Sales will be roughly $54 billion in the fiscal third quarter, which runs through October, the company said in a statement Wednesday. Though that was in line with the average Wall Street estimate, some analysts had projected more than $60 billion. The forecast excluded data center revenue from China, a market where it has struggled with US export restrictions and opposing pressure from Beijing.

The outlook adds to concern that pace of investment in artificial intelligence systems is unsustainable. The difficulties in China also have clouded Nvidia’s business. Though the Trump administration recently eased curbs on exports of some AI chips to that country, the reprieve hasn’t yet translated into a rebound in revenue.

For instant reaction and analysis, hosts Tim Stenovec and Isabelle Lee speak with:
Bloomberg Intelligence Global Head of Technology Research Mandeep Singh
Bloomberg News Big Tech Team Leader Sarah Frier
Jay Goldberg, Senior Analyst, Semiconductors & Electronics with Seaport Research Partners

Nvidia, the world&rsquo;s most valuable publicly traded company, gave a tepid revenue forecast for the current period, fueling concerns that a massive run-up in artificial intelligence spending is slowing.&nbsp;Sales will be roughly $54 billion in the fiscal third quarter, which runs through October, the company said in&nbsp;a statement&nbsp;Wednesday. Though that was in line with the average Wall Street&nbsp;estimate, some analysts had projected more than $60 billion. The forecast excluded data center revenue from China, a market where it has struggled with US export restrictions and opposing pressure from Beijing. The outlook adds to concern that pace of investment in artificial intelligence systems is unsustainable. The difficulties in China also have clouded Nvidia&rsquo;s business. Though the Trump administration recently eased curbs on exports of some AI chips to that country, the reprieve hasn&rsquo;t yet translated into a rebound in revenue. For instant reaction and analysis, hosts Tim Stenovec and Isabelle Lee speak with:
<ul>
<li>Bloomberg Intelligence Global Head of Technology Research Mandeep Singh</li>
<li>Bloomberg News Big Tech Team Leader Sarah Frier</li>
<li>Jay Goldberg, Senior Analyst, Semiconductors &amp; Electronics with Seaport Research Partners</li>
</ul>

Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy.  Watch us LIVE on YouTube: http://bit.ly/3vTiACF.

Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy.&nbsp; Watch us LIVE on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.

Bloomberg Businessweek

Instant Reaction: Nvidia Gives Lukewarm Forecast, Stoking Fears of AI Slowdown 

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