Technology

Nvidia Underwhelms in First Results Since Scrapping Arm Deal

Nvidia Underwhelms in First Results Since Scrapping Arm Deal

Nvidia Corp. tumbled 7% Thursday morning in New York after the most valuable U.S. chipmaker failed to impress investors with its latest forecast. Though the company topped Wall Street estimates with its fourth-quarter results -- and projected strong growth for the current period -- the share decline is a sign of Wall Street’s lofty expectations after Nvidia walked away from a $40 billion acquisition of Arm Ltd. earlier this month.

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