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The cost of shares of the largest manufacturer of graphics accelerators and processors of NVIDIA Corporation fell by more than 13% to $ 138 amid lower forecasts for reporting for the fourth quarter of 2018.
The company lowered its quarterly revenue forecast from $ 2.7 billion to $ 2.2 billion due to weaker than analysts predicted, sales of game consoles and data center platforms.
Representatives of Nvidia explained that the forecast was worsened due to the slowing growth of the global economy, especially in China. The annual financial report will be published on February 14th.
On Tuesday, January 29, as of 15:22 London time, the value of shares decreased by 13.82%, to $ 138.01 per security.
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