LONDON (Reuters) – Shares of Nvidia fell 7 percent in Frankfurt on Thursday, mirroring a slide in after-hours U.S. trading after the AI ​​indicator’s quarterly forecasts fell short of investors’ high expectations that had fueled a huge rally in the stock.

Revenue and gross margin forecasts for the current quarter were close to analysts’ expectations but fell short of Wall Street’s recent history of beating targets.

That overshadowed better revenue and adjusted earnings in the second quarter, as well as the announcement of a $50 billion share buyback program.

Shares of Nvidia closed Wednesday’s regular trading session down 2.1%, but are still up about 150% so far this year.

(Reporting by Samuel Indyk, Editing by Dhara Ranasinghe)