Nvidia Corp on Wednesday forecast second-quarter revenue more than 50% above Wall Street estimates, and said it is boosting supply to meet surging demand for its artificial-intelligence chips, which are used to power ChatGPT and many similar services.
The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. REUTERS/Robert Galbraithon Wednesday forecast second-quarter revenue more than 50% above Wall Street estimates, and said it is boosting supply to meet surging demand for its artificial-intelligence chips, which are used to power ChatGPT and many similar services.
But Nvidia Chief Executive Officer Jensen Huang told Reuters in an interview on Wednesday that the company had started full production of its latest AI chips in August last year, which gave it some buffer for supplies when chatbot apps exploded in popularity. Nvidia forecast current-quarter revenue of $11 billion, plus or minus 2%. Analysts polled by Refinitiv had forecast revenue of $7.15 billion.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Save Up to 30% Off Fragrances During These Memorial Day SalesThese scent-sational picks are up to 30 percent off.
Read more »
Simpsons Writer Learns Deeper Meaning Of Heavily-Memed Joke 30 Years After Original AiringWriter Josh Weinstein finally learns the deeper meaning behind a heavily-memed joke from The Simpsons 30 years after it first aired on TV.
Read more »
Fitness influencer Luanne Jardim dead at 30 in attempted carjackingBrazilian fitness influencer Luanne Murta Jardim dos Santos Martins was fatally gunned down in front of her family during an alleged robbery gone bad in Rio De Janeiro.
Read more »
The 30 Best Mac Apps That Will Make Your Life EasierUpgrade your macOS experience with these third-party apps that will help make your life a little easier.
Read more »
Susanna Kaysen Reflects on Girl, Interrupted Turning 30“There was a way in which, for some people, the hospital could be a refuge or a haven, and I don’t think that’s true anymore.”
Read more »