Nvidia forecasts first-quarter revenue above estimates

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Nvidia forecasts first-quarter revenue above estimates

Reuters02-27

Nvidia forecasts first-quarter revenue above estimates

Feb 26 (Reuters) - Nvidia NVDA.O forecast first-quarter revenue above market estimates on Wednesday, expecting robust demand for its leading AI chips to persist as businesses spend heavily to expand generative artificial intelligence infrastructure.

The company expects revenue of $43 billion, plus or minus 2% for the first quarter, compared with analysts' average estimate of $41.78 billion according to data compiled by LSEG.

(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Shounak Dasgupta)

((ArsheeyaSingh.Bajwa@thomsonreuters.com; +91 8510015800;))

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