Nvidia Predicts Sales That Exceed Estimates on PC Demand
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Nvidia Corp., a maker of graphics chips, forecast second-quarter sales that exceeded analysts’ estimates, as a new microprocessor from Intel Corp. helped fuel demand for more expensive personal computers.
Revenue in the current period will rise 4 percent to 6 percent from the first quarter to as much as $1.02 billion, Santa Clara, California-based Nvidia said in a statement. That compares with an average analyst estimate of $990.4 million, according to a Bloomberg survey.