U.S. stock index futures were subdued on Thursday, as AI-heavyweight Nvidia’s revenue forecast failed to impress investors while caution prevailed over escalating tensions between Russia and Ukraine. Nvidia (NVDA.O), beat quarterly profit expectations, but projected its slowest revenue growth in seven quarters and its adjusted gross margins shrank, sending its shares down 1.7% in premarket trading. “At face value, Nvidia has once again generated the kind of growth that most companies will never achieve in their lifespan,” said Dan Coatsworth, investment analyst at AJ Bell. “What’s troubled investors this time was a quarter-on-quarter decline in gross margins, with guidance for them to fall further […]
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