AI chip leader Nvidia forecasts fourth-quarter revenue above estimates
Reuters11-21
Nov 20 (Reuters) - Nvidia forecast fourth-quarter revenue above market estimates on Wednesday, betting on sustained demand for its leading AI chips from businesses racing to adopt the latest generative artificial-intelligence technology.
The company forecast revenue of $37.5 billion, plus or minus 2% for the fourth quarter, compared with analysts' average estimate of $37.09 billion according to data compiled by LSEG.
(Reporting by Arsheeya Bajwa in Bengaluru)
((ArsheeyaSingh.Bajwa@thomsonreuters.com; +91 8510015800;))
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