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.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
A Fox-News Corp Reunion Just Isn't In The CardsMerging a television business like Fox with a newspaper/book publishing enterprise like News Corp would be a bad idea for many reasons, not the least of which is that it probably wouldn't save the companies that much money.
Lire la suite »
Here comes Nvidia ... (NVDA) | Markets Insider
Lire la suite »
Nvidia revenue forecast beats estimates; shares riseNvidia Corp reported a better-than-expected quarterly profit and forecast second...
Lire la suite »
Nvidia stock rallies after big earnings beatNvidia Corp. shares rallied in the extended session Thursday after the graphics chip maker reported earnings that topped Wall Street estimates.
Lire la suite »
Microsoft, Sony partner on streaming games, chips and AIMicrosoft Corp and Sony Corp on Thursday said they struck a strategic partnershi...
Lire la suite »
Sinopec, CNPC skip Iran oil purchases for May to avoid U.S. sanctionsChina Petrochemical Corp (Sinopec Group) and China National Petroleum Corp (CNPC...
Lire la suite »
China's Sinopec, CNPC skip Iran oil buys for May as U.S. sanctions waivers end: sourcesChina Petrochemical Corp (Sinopec Group) and China National Petroleum Corp (CNPC...
Lire la suite »
Update Your Drivers Right Now If You Have An Nvidia GeForce, Quadro Or Tesla Graphics CardSevere vulnerabilities in the Windows display drivers for Nvidia's graphics cards have been patched.
Lire la suite »
Nvidia is sliding as Trump escalates the trade war with ChinaChipmaker Nvidia fell 2.5% Friday after the US raised tariffs on $200 million of Chinese goods to 25% from 10%.
Lire la suite »
Stocks making the biggest moves after hours: Pinterest, Nvidia, Applied Materials and moreSee which stocks are posting big moves after the bell on Thursday.
Lire la suite »
Nvidia set to report earnings after the bellNvidia shares have rebounded this year though the stock is still 45% below its record high as the company faces surplus inventory.
Lire la suite »