Nvidia’s stock sank as much as 5% after the bell on Wednesday as giant chipmaker’s middling financial outlook raised fears about a slowdown in the red-hot artificial intelligence sector.

The Santa Clara, Calif.-based company led by CEO Jensen Huang said it expects revenue of $54 billion in its current quarter — short of high-end estimates of more than $60 billion. Meanwhile, the company kept mum on the outlook for its China business, which has become an increasing source of anxiety as trade tensions with the US mount.

In a call with skittish analysts late Wednesday, Huang insisted that Nvidia was still scrambling to meet demand for its powerful AI chips worldwide.

Jensen Huang, Nvidia CEO, presenting AI computer semiconductors. AFP via Getty Images

“The buzz is everything’s sold out,

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