Nvidia's strong forecast calms AI bubble jitters - for now
Lucian Nemoiu
The world's most valuable company said it expected fiscal fourth-quarter sales of US$65 billion, plus or minus 2 per cent, compared with analysts' average estimate of US$61.66 billion, according to data compiled by LSEG. Nvidia forecast quarterly revenue above Wall Street estimates on Wednesday (Nov 19) and CEO Jensen Huang touted blockbuster demand for its AI chips from giant cloud providers. Shares of the AI market bellwether jumped 5 per cent in extended trading, setting up the company to
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