AI chip leader Nvidia forecasts fourth-quarter revenue above estimates

COMPUTEX in Taipei

(Reuters) – Nvidia forecast fourth-quarter revenue above market estimates on Wednesday, betting on sustained demand for its leading AI chips from businesses racing to adopt the latest generative artificial-intelligence technology.

The company forecast revenue of $37.5 billion, plus or minus 2% for the fourth quarter, compared with analysts’ average estimate of $37.09 billion according to data compiled by LSEG.

(Reporting by Arsheeya Bajwa in Bengaluru)