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2021-11-18

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Nvidia forecasts upbeat revenue on metaverse hopes

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This is the tip of the iceberg of what's to come,\" Nvidia's chief executive, Jensen Huang, said in a statement on Wednesday.</p>\n<p>Nvidia expects current-quarter revenue of US$7.40 billion, plus or minus 2per cent, above analysts' average estimate of US$6.86 billion, according to IBES data from Refinitiv.</p>\n<p>The company's shares were up nearly 5%&nbsp;in extended trading, after more than doubling this year.</p>\n<p><img src=\"https://static.tigerbbs.com/fabaeec8e31b15f4f1e88a4eec7fa9a0\" tg-width=\"872\" tg-height=\"595\" width=\"100%\" height=\"auto\"></p>\n<p>The company has so far avoided major supply chain problems despite a global chip crunch, but supply chain costs are rising. It said Wednesday that outstanding inventory purchase and long-term supply obligations were US$6.90 billion, up from US$2.57 billion a year earlier and up from US$4.79 billion in the prior quarter.</p>\n<p>A day after British regulators said 6 they were launching an in-depth probe of Nvidia's proposed acquisition of chip technology supplier Arm Ltd, Nvidia disclosed the deal was also under scrutiny in the United States.</p>\n<p>\"Regulators at the US Federal Trade Commission (FTC) have expressed concerns regarding the transaction, and we are engaged in discussions with the FTC regarding remedies to address those concerns,\" Nvidia said in a statement.</p>\n<p>For the reported third quarter, revenue in Nvidia's gaming unit rose 42per cent to US$3.22 billion and data centers surged 55per cent to US$2.94 billion.</p>\n<p>Analysts had expected US$3.13 billion and US$2.75 billion for gaming and data centers, respectively, according to FactSet.</p>\n<p>Overall, revenue rose about 50per cent to US$7.10 billion for the three months ended Oct. 31, above the average estimate of US$6.83 billion, according to IBES data from Refinitiv.</p>","source":"can_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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This is the tip of the iceberg of what's to come,\" Nvidia's chief executive, Jensen Huang, said in a statement on Wednesday.\nNvidia expects current-quarter revenue of US$7.40 billion, plus or minus 2per cent, above analysts' average estimate of US$6.86 billion, according to IBES data from Refinitiv.\nThe company's shares were up nearly 5% in extended trading, after more than doubling this year.\n\nThe company has so far avoided major supply chain problems despite a global chip crunch, but supply chain costs are rising. It said Wednesday that outstanding inventory purchase and long-term supply obligations were US$6.90 billion, up from US$2.57 billion a year earlier and up from US$4.79 billion in the prior quarter.\nA day after British regulators said 6 they were launching an in-depth probe of Nvidia's proposed acquisition of chip technology supplier Arm Ltd, Nvidia disclosed the deal was also under scrutiny in the United States.\n\"Regulators at the US Federal Trade Commission (FTC) have expressed concerns regarding the transaction, and we are engaged in discussions with the FTC regarding remedies to address those concerns,\" Nvidia said in a statement.\nFor the reported third quarter, revenue in Nvidia's gaming unit rose 42per cent to US$3.22 billion and data centers surged 55per cent to US$2.94 billion.\nAnalysts had expected US$3.13 billion and US$2.75 billion for gaming and data centers, respectively, according to FactSet.\nOverall, revenue rose about 50per cent to US$7.10 billion for the three months ended Oct. 31, above the average estimate of US$6.83 billion, according to IBES data from Refinitiv.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1072,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/878538960"}