Nvidia fails to hit lofty goals after shares fall

Nvidia's stock has nearly quadrupled so far this year, and is up more than nine-fold over the last two years. File Picture: Jeff Chiu/AP

Nvidia forecast fourth-quarter revenue slightly above estimates yesterday, but still failed to meet lofty expectations of some investors who have made it the world’s most valuable firm.

Shares of the Santa Clara, California-based company fell roughly 2% in extended trading. They had closed down 0.8% during the regular trading session.