Shares of U.S.-based chipmaker Nvidia Corp. fell nearly 3% during Thursday’s Wall Street session following a weaker-than-expected revenue forecast for the third quarter of FY25 (July–September). The stock dropped 2.8% to an intraday low of $176.41 after markets opened on August 28, 2025. As reported by Reuters, Nvidia projected Q3 revenue of $54 billion, falling short of analysts’ expectations of $60 billion.
This subdued outlook comes amid concerns about the sustainability of heavy investments in AI infrastructure and increasing competition from China. Despite these challenges, Nvidia CEO Jensen Huang remains optimistic, stating that AI infrastructure spending could reach $3 to $4 trillion by decade’s end.
Nvidia shares closed 0.82% lower at $180.12 on Thursday, compared to the previous close of $181.60. In after-hours trading, shares dipped further to $179.68. Earlier in the day, the stock had touched an intraday high of $184.47, nearing its 52-week peak of $184.48, before retreating. Over the past five years, Nvidia has delivered over 1,269% in returns, with a 43% gain in the past year and a 30.23% rise in 2025 so far. Its market capitalisation currently stands at $4.43 trillion, according to MarketWatch.
