Santa Clara The chip group Nvidia has massively exceeded market expectations with its sales forecast for the current quarter. The graphics card specialist forecast sales of around eleven billion dollars for the quarter running until the end of July. Analysts had expected an average of around $ 7.2 billion. The stock jumped a good 18 percent in after-hours trading on Wednesday.
In the past quarter, sales fell by 13 percent to $ 7.19 billion (6.7 billion euros). The business with technology for data centers rose to a record level. A driving force was the demand for capacities for applications with artificial intelligence, emphasized Nvidia. Originally developed for graphics cards, Nvidia technologies have long proven themselves for AI applications. The bottom line was a profit of $2.04 billion compared to $1.62 billion in the same quarter last year.
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