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Nvidia forecasts third-quarter revenue above estimates

Published 2024-08-28, 04:32 p/m
© Reuters. FILE PHOTO: The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Courtesy NVIDIA/Handout via REUTERS/File Photo
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© Reuters. FILE PHOTO: The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Courtesy NVIDIA/Handout via REUTERS/File Photo

(Reuters) - Nvidia (NASDAQ:NVDA) forecast third-quarter revenue above Wall Street estimates on Wednesday, betting on sky-high demand for its chips as more companies seek to build our their artificial-intelligence businesses.

The company forecast revenue of $32.5 billion, plus or minus 2%, for the third quarter, compared with analysts' average estimate of $31.77 billion according to LSEG data. 

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