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Nvidia Signals AI Boom Slowing After Record Growth | The Pulse 8/28/2025
Nvidia, the world’s most valuable company, gave a tepid revenue forecast for the current period, signaling that growth is decelerating after a staggering two-year boom in artificial intelligence spending.
Sales will be roughly $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 $60 billion. The outlook adds to concern that the pace of investment in AI systems is unsustainable. Difficulties in China also have clouded Nvidia’s business.
In trade news, the Mexican government plans to increase tariffs on China as part of its 2026 budget proposal next month, protecting the nation’s businesses from cheap imports and satisfying a longstanding demand of US President Donald Trump. The tariff hikes aim to shelter domestic manufacturers from subsidized Chinese competition, according to three people briefed on the matter, who asked not to be identified revealing details of the plans.
Today's guests: John Bilton, JPMorgan Asset Management Head of Global Multi-Asset Strategy, Adrian Cox, Deutsche Bank Research Thematic Strategist, Orysia Lutsevych, Chatham House Deputy Director of the Russia and Eurasia Programme
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 - The Pulse
00:02:10 - Nvidia 3Q Revenue Guidance Disappoints
00:08:22 - John Bilton, JPMorgan Asset Management Head of Global Multi-Asset Strategy
00:13:26 - Pernod Shares Gain as Sales Beat Estimates
00:16:40 - Secret Xi Jinping Letters Revived China-India Ties
00:19:54 - Mexico to Raise Tariffs on Imports from China
00:26:01 - Adrian Cox, Deutsche Bank Research Thematic Strategist
00:33:36 - O'Leary: More Aircraft, More Growth
00:36:34 - France's Political Crisis
00:40:35 - Ukrainian Delegation Said to Head to US
00:43:25 - Orysia Lutsevych, Chatham House Deputy Director of the Russia and Eurasia Programme
00:46:03 - White House Says Putin-Zelenskiy Meet Planning is Underway
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Published Aug 28, 2025
