Nvidia Corp., the dominant maker of artificial intelligence chips, suffered its worst stock decline in 10 months after the company’s latest forecast failed to dispel fears of an AI bubble.
The shares fell 5.5% to $184.89 in New York, marking the biggest one-day drop since April 16. The decline followed a first-quarter sales outlook that — on its face — looked impressive. Nvidia easily beat the average analyst estimate and delivered a 73% surge in fourth-quarter revenue.
