Nvidia Corp forecast second-quarter revenue above Wall Street estimates on Thurs...
- Nvidia Corp forecast second-quarter revenue above Wall Street estimates on Thursday, as it expects sales of its graphics chip to benefit from a recovery in the gaming market.
While Nvidia has been pushing into newer growth areas such as data centers, artificial intelligence and self-driving cars, the company’s key business still remains selling chips that enhance video game graphics. Revenue from its gaming chip business, which accounts for nearly half of Nvidia’s overall sales, rose 11 percent to $1.05 billion in the fourth quarter, beating research firm Factset’s estimates of $933.5 million.
The company forecast revenue of $2.55 billion, plus or minus 2%, for the current quarter, largely above analysts’ expectations of $2.53 billion, according to IBES data from Refinitiv.
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