Nvidia Gives Strong Forecast on Gamer, Data Center Demand
- Chipmaker has new range of chips for cryptocurrency miners
- Executives say they expect demand to strengthen in second half
Nvidia Corp., the largest U.S. chipmaker by market value, gave a bullish forecast on demand for chips used in gaming PCs, data centers and cryptocurrency mining.
Revenue in the current quarter will be about $6.3 billion, plus or minus 2%, the Santa Clara, California-based company said in a statement late Wednesday. The sales prediction compares with a $5.49 billion average analyst estimate, according to data compiled by Bloomberg.
Founder and Chief Executive Officer Jensen Huang has drawn investors to his company’s stock by persuading owners of data centers that are the backbone of the internet that his graphics chips are key to artificial intelligence-based computing. The company expects that demand and orders from gamers to continue to improve into the second half of the year.