Chipmaker Nvidia forecasts robust revenue on AI, metaverse buzz
The world’s biggest maker of graphics and AI chips expects fourth-quarter revenue to grow above analysts’ expectations. Nvidia Corp on Wednesday forecast fourth-quarter revenue above Wall Street expectations, betting on growth in its data centre business as more internet companies set out to invest in artificial intelligence and the metaverse. The world’s biggest maker of graphics and AI chips expects current-quarter revenue of $7.40bn, plus or minus 2 percent, above analysts’ average estimate of $6.86bn, according to IBES data from Refinitiv. For the reported third quarter, revenue in Nvidia’s gaming unit rose 42 percent to $3.22bn and data centres surged 55 percent to $2.94bn. Overall, revenue rose about 50 percent to $7.10bn for the three months ended October 31, above the average estimate of $6.83bn, according to IBES data from Refinitiv.
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