: Nvidia stock rally loses steam on cloudy outlook for server chips, full-year earnings

Nvidia Corp. shares shed post-earnings gains in the extended session Thursday after the graphics-chip maker did not provide a full-year outlook and said that data-center sales could remain weak.

Nvidia NVDA, +0.38% shares, which surged 7% after the earnings report was released Thursday afternoon, began shedding those gains after Chief Financial Officer Colette Kress said data-center sales were expected to remain weak in the second quarter, and dispensed with providing a full-year guidance.

Back in February, Nvidia had forecast “flat to down slightly” annual revenue, compared with the $11.72 billion it reported in fiscal 2019. Shares were last up 0.7% after hours.

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