NVIDIA Corp. (NVDA) announced after the bell Wednesday that it now expects to report second quarter revenues of $875 million to $950 million. The consensus estimate is for revenues of $1.10 billion.
NVIDIA gapped down sharply Thursday and fell in early trade. The stock slipped further going into the close and finished down by $5.54 at $12.49 on the highest volume of the year. NVIDIA has been losing ground for the last month and closed at a new low for the year.
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