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Updated from 1:50 p.m. EDT
The broader technology market fell Friday as credit-market worries spread into the sector.
Nvidia(NVDA Quote) fell 4.6% after the graphics-chip maker posted solid second-quarter results but issued third-quarter revenue guidance that disappointed investors. The company earned $172.7 million, or 43 cents a share, on revenue of $935.3 million. Excluding items, the company earned $198.1 million, or 51 cents a share. Analysts polled by Thomson Financial expected earnings of 43 cents a share on revenue of $860 million.
Looking ahead, Nvidia sees sequential third-quarter revenue rising by 5% to 7%. Analysts, though, are projecting revenue growth of 9%. Shares closed down $2.14 to $43.99. ...
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