Nvidia forecast fourth-quarter revenue above Wall Street estimates on Wednesday, on booming demand for its AI chips from cloud providers despite widespread concerns of an artificial-intelligence bubble.
The results from the AI chip design leader mark an important moment for investors, as global markets look to it to determine whether investing billions of dollars in AI infrastructure expansion has fuelled a bubble.
The world's most valuable company said it expected fiscal fourth-quarter sales of $65 billion, plus or minus 2 per cent, compared with analysts' average estimate of $61.66 billion, according to data compiled by LSEG.
The outlook indicates that demand remains strong for Nvidia’s artificial intelligence accelerators, the expensive and powerful chips used to develop AI models.
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