Nvidia forecasts quarterly revenue above estimates, announces stock split

4 weeks ago 40

Nvidia forecast second-quarter revenue above estimates on Wednesday, betting on insatiable demand for its industry-leading chips from businesses adopting artificial intelligence technology.

The company forecast second-quarter revenue of $28 billion, plus or minus 2 per cent. Analysts on average were expecting revenue of $26.66 billion, according to LSEG data. 

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