Nvidia sales spike on AI demand
Published On Feb 26, 2025, 4:58 PM
Nvidia has issued a forecast for first-quarter revenue that surpasses market estimates, anticipating strong ongoing demand for its AI chips. The company expects revenue to be around $43 billion, beating analyst expectations of $41.78 billion. However, it also warns that gross margins might dip to 71%, slightly below Wall Street's forecast. Nvidia's shares have enjoyed substantial growth, reflecting its pivotal role in the AI industry, which has been pushing overall stock prices in the sector upward.
Stock Forecasts
NVDA
Positive
Nvidia continues to be a leading player in the AI market, benefiting from increased investments in generative AI technology. Despite a slight dip in gross margins forecasted, the robust revenue estimate suggests a strong demand that could further enhance Nvidia's market position.
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