Nvidia forecasts upbeat sales on AI chip demand, talks up long-term prospects
Chipmaker Nvidia forecast first-quarter revenue above market estimates on Wednesday, betting on Big Tech’s unabated spending on its artificial-intelligence processors.
The company said it had secured enough chip inventory and capacity to meet demand beyond the next several quarters, seeking to alleviate concerns that a supply crunch at its chip contract maker TSMC was getting in the way of its growth. The shortage, though, will affect its gaming business, the company said.
