Friday, 24 March, 2023

Nvidia delivers positive revenue outlook

<p>Nvidia Corp, a chipmaker, predicted current-quarter revenue above analysts&#39; estimates, citing solid demand for data centres. Nvidia predicts $8.1B in revenue in the first quarter, compared to $7.29B predicted by experts. Meanwhile in Q4, data centre income grew by 71% to a new high of $3.26B. However, after-hours trading saw Nvidia&#39;s stock drop 2.8% due to flat gross margins from the prior quarter and concerns about the company&#39;s exposure to the crypto business.&nbsp;</p>