NVIDIA’s quarterly revenue should exceed expectations, the company’s shares rose in price
In an environment where fortune is more favorable to sellers than to buyers, the latter can claim a good financial return. NVIDIA said in a meeting with analysts that first-quarter revenues will exceed the forecasted value. This prompted a 5.62% rise in the company’s share price, although it was announced that the component shortage would stretch until the end of this year.
In February, NVIDIA management announced that it expects to bail out at least $ 5.3 billion in the current fiscal quarter, ending in May. Yesterday at an investor event, Colette Kress, CFO, said an excess of quarterly revenue over the forecasted value even at this stage.
As for the bad news, we can mention the confidence of the NVIDIA leadership in maintaining the shortage of semiconductor components until the end of this year. At the same time, the CFO of the company expressed confidence that this circumstance would not hinder the continuous increase in revenue throughout the year. Things are also better than expected on the cryptocurrency front: revenue from the sale of CMP accelerators in the current quarter will reach $ 150 million against the previously predicted $ 50 million. Only an indirect indicator of the state of the market.
