Nvidia Corp. provided a strong forecast despite supply constraints Wednesday, after doubling profits and producing record sales in the holiday quarter.
After earnings reached $3 billion and quarterly revenue surged past $7.5 billion for the first time over the holidays, Nvidia _ executives suggested sales could top $8 billion for the first time in the current quarter. Driven “primarily” by data-center sales, they forecast revenue in the fiscal first quarter of $7.94 billion to $8.26 billion, well above the $7.31 billion estimated on average by analysts surveyed by FactSet.
For Q1, our guidance can include an acceleration of data center from where we left in terms of Q4,” Kress said on the call. “We will have growth across several of our market performs within Q1, both data center, gaming and probably a couple others.
By Wallace Witkowski
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