Nvidia's AI chip demand still booming but slowing sales growth worries investors

FILE PHOTO: A piece of equipment with an Nvidia logo is displayed at COMPUTEX in Taipei, Taiwan June 4, 2024. REUTERS/Ann Wang/File Photo

SAN FRANCISCO (Reuters) - Nvidia forecast its slowest revenue growth in seven quarters on Wednesday, with the artificial intelligence chipmaker failing to meet lofty expectations of some investors who have made it the world's most valuable firm.

Shares of the Santa Clara, California-based company fell 5% after it posted results but quickly pared losses to trade down 2.5% after hours. During the regular session they closed 0.8% lower. In early Frankfurt trade on Thursday they were down 1.9%.