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Nvidia delivers blowout guidance, and its stock is gaining
Nvidia Corp. issued its latest eye-popping quarterly revenue forecast Wednesday, telling Wall Street to expect $16 billion in revenue at the midpoint for the current period.
The FactSet consensus had been for $12.6 billion.
“During the quarter, major cloud service providers announced massive NVIDIA H100 AI infrastructures,” Chief Executive Jensen Huang said in a release. “Leading enterprise IT system and software providers announced partnerships to bring NVIDIA AI to every industry. The race is on to adopt generative AI.”
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