Shares in Nvidia have dropped sharply following the company declaring that it expects to make far less in fiscal Q4 revenue than was previously estimated, with the blame for some of the shortfall being laid at the door of its new RTX (Turing) graphics cards.
Nvidia’s previous forecast for its fourth quarter revenue – the quarter running up until the end of this month, January – had stood at $2.7 billion (around £2.1 billion, AU$3.8 billion) and has now been lowered to $2.2 billion (around £1.7 billion, AU$3.1 billion).