Nvidia shares dip on predicted decline in data centre sales

NVIDIA company shares declined nearly 3% after company executives predicted the fall of data centre chip sales in the fourth quarter. The chipmaker forecast fourth-quarter revenue beyond Wall Street Expectations, betting on rising in demand for its graphic chips for gaming consoles and data centres. The company expects current-quarter revenue of $4.8 bn, 37% up from last year. Company’s revenue from the data centre is doubled to $1.9 bn compared to 2019.

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