Nvidia Jumps on Sales Forecast Projecting Rebound in Demand

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Nvidia Jumps on Sales Forecast Projecting Rebound in DemandThe chipmaker also forecast a 20 percent decline in the current quarter, suggesting Nvidia sees a big boost in sales coming later in the year. Chief Executive Officer Jensen Huang is trying to convince investors that the stall in the company’s revenue is a short-lived trend and that the broader use of graphics chips in everything from cars to data centers will restore growth that has doubled the size of his company since 2016. “The first quarter marks the bottom for our gaming business and we look forward to moving forward,” Huang said in an interview.


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