The company's fiscal first quarter results, which ended on April 28, also exceeded expectations, driven by growth in Nvidia’s data-center division. This growth underscores the ongoing demand for artificial intelligence capabilities in the tech industry.
Key takeaways:
- Nvidia Corp., a leading chipmaker, saw a rise in late trading due to a positive sales forecast.
- The forecast indicates that spending on AI computing remains strong.
- The company predicts its second-quarter revenue will be around $28 billion, surpassing the $26.8 billion predicted by analysts.
- Nvidia's fiscal first quarter results, which ended April 28, also exceeded projections, boosted by growth in the company's data-center division.