Nvidia data centre growth boosts forecast

Hanno Labuschagne

Journalist
Staff member
Joined
Sep 2, 2019
Messages
2,723
Nvidia data centre growth boosts forecast

Nvidia Corp., the world’s largest chipmaker by market value, jumped in late trading after an expansion into data-center semiconductors helped bolster its sales forecast.

Revenue in the fiscal fourth quarter will be about $7.4 billion, the company said Wednesday.

That compares with a $6.86 billion average analyst estimate, according to data compiled by Bloomberg. The shares rose as much as 5.7% after the report was released.

[Bloomberg]
 
Top