(Bloomberg) — Nvidia Corp. suggested that the growth of its data center business will slow, sending shares of the chipmaker down 1.4% in extended trading on Wednesday.Chief Financial Officer Colette Kress said data center sales will grow in the “low-to-mid single digit” percentage range in the fiscal third quarter, compared with the previous quarter, she said. That’s down from a 54% quarter-on-quarter surge in the most-recent period.While demand from major cloud service providers remains solid, the company has a more “mixed” outlook on spending by companies in some industries, the CFO added during a conference call with analysts.That quelled investor …read more
Source:: Yahoo Finance
