Nvidia Gives Upbeat Forecast as Data Centers Fuel Growth
- Chipmakers third-quarter revenue and forecast beat estimates
- The company’s Arm purchase, meanwhile, remains in limbo
This article is for subscribers only.
Nvidia Corp., the world’s largest chipmaker by market value, jumped as much as 11% on Thursday morning after reporting a strong third quarter and boosting it’s sales outlook for the rest of the year.
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 hit a record intraday high of $326.07 in New York.