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Nvidia shares fall on data center revenue but chips ride cryptocurrency boom

FILE PHOTO: The nVIDIA booth is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles, California, U.S. June 13, 2017. REUTERS/ Mike Blake/File Photo

(Reuters) - Nvidia Corp's quarterly revenue in its widely watched data center and automotive businesses missed estimates, dragging down the chipmaker's shares that have nearly tripled in value over the past 12 months.

Nvidia shares were down 6.6 percent at $153.87 in extended trading on Thursday. Shares have risen 181 percent over the past year, the strongest performance across the benchmark S&P 500 index.

Nvidia came to prominence in the gaming industry for designing graphics-processing chips, but in recent years has been expanding into newer technologies including cloud computing, artificial intelligence, and self-driving cars.

"Nvidia was priced for perfection heading...


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