 "NVIDIA forecasts a higher second-quarter revenue than estimated by analysts")
Nvidia Corp reported a better-than-expected quarterly profit and forecast second-quarter revenue above analysts’ estimates on strong demand for its gaming chips and higher sales to data centres, sending its shares up more than 4%.
The company forecast revenue of $2.55 billion, plus or minus 2%, for the quarter, above analysts’ expectations of $2.53 billion, according to IBES data from Refinitiv.
Nvidia’s net income fell to $394 million, or 64 cents per share, in the first quarter ended April 28 from $1.24 billion, or $1.98 per share, a year earlier.
Excluding items, Nvidia earned 88 cents per share, while analysts had expected a profit of 81 cents per share. Total revenue fell to $2.22 billion, but was still above analysts’ estimates of $2.20 billion.
 "AMD stocks at all-time high, market cap crosses $300bn mark, trading at higher multiple than NVIDIA")
 "Market veteran who predicted dotcom bubble says another bubble, fuelled by AI, is on the way")
 "NVIDIA to collaborate with Indian Govt to develop India's Sovereign AI, aid Digital Public Infrastructure")
 "Vantage | How Nvidia became 'envy' of the world")
 "AMD stocks at all-time high, market cap crosses $300bn mark, trading at higher multiple than NVIDIA")
 "Market veteran who predicted dotcom bubble says another bubble, fuelled by AI, is on the way")
 "NVIDIA to collaborate with Indian Govt to develop India's Sovereign AI, aid Digital Public Infrastructure")
 "Vantage | How Nvidia became 'envy' of the world")