Earnings Special: Nvidia's Sales Forecast Fails to Impress Wall Street

Nvidia delivered a sales forecast that left some investors underwhelmed, adding to concerns about the momentum of AI spending. Revenue in the current period will be $108 billion, plus or minus 2%, the company said in a statement Wednesday. Though analysts had estimated $105.2 billion on average, some projections exceeded $110 billion, according to data compiled by Bloomberg. Gross margin, the percentage of sales remaining after deducting the cost of production, will be roughly 74%.  For instant reaction and analysis, Bloomberg Businessweek Daily hosts Tim Stenovec and Lisa Mateo speak with Ed Ludlow, Bloomberg Tech co-host, and Rami Sarafa, CEO at Cordoba Advisory Partners. See omnystudio.com/listener for privacy information.