US Stocks, Aug. 29 -- The shares of US-based chipmaking giant Nvidia Corp. dropped nearly 3% on Thursday's Wall Street session after the company announced weak projections for its third-quarter (July to September) revenue estimates.

Nvidia Corp. shares closed 0.82% lower at $180.12 after Thursday's US market session, compared to $181.60 at the previous market close. The chipmaking giant's shares were trading 0.24% lower at $179.68 in the after-market hours on Nasdaq at 4:29 p.m. (EDT).

On Thursday, the shares of the company opened higher to hit an intraday high of $184.47, edging close to their year-high level before dropping to hit the intraday low of $176.41.

Shares of the US-based chipmaker have given Wall Street investors more than...