Nvidia co-founder and CEO Jensen Huang attends an event during the annual Computex computer exhibition in Taipei.

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Nvidia shares plummeted as much as 16 percent during after-hours trading Thursday after the company missed on revenue. The chipmaker reported $3.18 billion in revenue versus $3.24 billion as expected by analysts in the third quarter. Nvidia's fourth-quarter revenue guidance also fell short of expectations, at $2.70 billion. Nvidia reported earnings of $1.84 per share, excluding certain items.