Nvidia forecasts first-quarter revenue above estimates, new chip weighs on margins

Quick Summary:

Nvidia forecast first-quarter revenue above Wall Street estimates on Wednesday, signaling strong demand for its market-leading artificial intelligence chips and said demand for its new Blackwell semiconductors was "amazing".

FILE PHOTO: Nvidia CEO Jensen Huang speaks at event ahead of the COMPUTEX forum, in Taipei, Taiwan June 2, 2024.

"Nvidia reported a strong revenue beat, but the gross margin guidance is disappointing, two factors that may balance out in the stock tomorrow," D.A.

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Category: EconomyBusiness

Markets: SingaporeTaiwan

Topics: Company Billion Nvidia Revenue Forecast Street Wall Estimates Quarter Blackwell Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-27 @ 05:21:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 513 words

Reading Time: 3 minutes read

Sentences: 23 lines

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News ID: 26466969

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