Related stocks rose globally following a conference call with analysts earlier this week
Nvidia chief executive Jensen Huang. Photo: AP
Nvidia delivered a surprisingly strong revenue forecast and pushed back on the idea that the AI industry is in a bubble, easing concerns that had spread across the tech sector.
The world’s most valuable company expects sales of about $65bn (€56.4bn) in the January quarter – roughly $3bn more than analysts predicted. Nvidia also said that a $500bn revenue bonanza due in coming quarters may be bigger than anticipated.
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