Nvidia Corp. lowered its revenue outlook for its fiscal fourth quarter by $500 million because of what it said was weakening demand in China and a rocky cloud-computing business, a revision that wiped nearly 15% from the chip maker’s already beleaguered shares.

The reduced expectations for the quarter came on top of a revenue projection from Nvidia in November that already was $700 million less than what analysts at the time had expected, underlining a deteriorating outlook for a company investors had coveted as it found…

(Excerpt) Read more Here | 2019-01-28 19:35:00
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