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Gambling chips demand increases with declining revenues
The graphics chip maker named after a demon of Roman revenge, Nvidia, has surprised Wall Street cocaine jobs with better-than-expected revenue forecasts.
Nvidia is increasingly interested in growth, like artificial intelligence in data centers and autonomous cars, but the main activity of the company is the sale of GPU players. It is in this area that he is doing well again.
The CEO, Jensen Huang, said that he thought China had stabilized and that there were 300 million PC gamers in China who were buying Nvidia hardware again.
Revenue from its gaming chip business, which accounts for nearly half of Nvidia's total sales, grew 11 percent to $ 1.05 billion in the fourth quarter. Wall Street had thought to earn $ 933.5 million.
The company also said it expects continued growth in sales of its gaming laptops this year, but added that processors' shortages, while improving, will affect the company's initial ramp. ;activity.
According to Refinitiv's IBES data, the company forecast revenues of $ 2.55 billion, plus or minus 2%, for the current quarter, which is well above analysts' expectations of $ 2.53 billion.
While Nvidia's computer output movements worked as best as they could, it seems that this movement turned against him during this quarter. Nvidia's data center business fell to $ 634 billion, missing analyst estimates of $ 663.7 million.
Nvidia's net income fell to $ 394 million in the first quarter ended April 28 from $ 1.24 billion a year earlier. Total revenue fell to $ 2.22 billion, but was still above analysts' estimates of $ 2.20 billion.
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