People take a look to Nvidia''s new products during the Computex 2025 exhibition in Taipei, Taiwan on May 21, 2025. Photo by AP Photo/Chiang Ying-ying

Nvidia Corp. , the world’s most valuable company, gave a tepid revenue forecast for the current period, signalling that growth is decelerating after a staggering two-year boom in artificial intelligence spending.

Sales will be roughly US$54 billion in the fiscal third quarter, which runs through October, the company said in a statement Wednesday. Though that was in line with the average Wall Street estimate, some analysts had projected more than US$60 billion.

Analysts largely looked past the outlook, with at least 10 firms raising their 12-month price targets after the results Wednesday. They raised the estimates by an average of th

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