Nvidia Corp. gave a bullish quarterly revenue forecast, signaling that the build-out of AI computing remains on track, with fiscal first-quarter sales expected to be about $78 billion.
The company's outlook helped soothe concerns about a bubble in AI investments, with Chief Executive Officer Jensen Huang saying that customers are racing to invest in AI compute.
Nvidia shares rose about 4% in extended trading following the announcement, after the company reported revenue gained 73% to $68.1 billion in the fiscal fourth quarter, and profit was $1.62 a share, excluding certain items.
For instant reaction, Bloomberg Businessweek hosts Carol Massar and Tim Stenovec speak with analysts and experts from across the Bloomberg newsroom, including:
- Bloomberg Tech Co-Host Ed Ludlow
- Jay Goldberg, Senior Analyst, Semiconductors & Electronics with Seaport Research Partners
- Bloomberg Intelligence senior tech industry analyst Mandeep Singh
- Bloomberg Intelligence Senior Technology Analyst Anurag Rana
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