Companies

Nvidia Forecasts Above Market Revenue for First Quarter

Nvidia expects fiscal sales of $78 billion—plus or minus 2 percent—in the first quarter, according to data from the London Stock Exchange Group.
Nvidia Forecasts Above Market Revenue for First Quarter
A sign is posted in front of Nvidia headquarters in Santa Clara, Calif., in this file photo. Justin Sullivan/Getty Images
Andrew Moran
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Jacob Burg
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Chipmaker Nvidia on Feb. 25 forecast revenue above market estimates for the first quarter, hedging its bets on a surge in tech industry investment in the company’s artificial intelligence (AI) processors.

The company’s shares rose above 3 percent in extended trading. Nvidia expects fiscal sales of $78 billion—plus or minus 2 percent—in the first quarter, according to data from the London Stock Exchange Group.

Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."