Nvidia Jumps on Sales Forecast Projecting Return to Growth

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Nvidia Jumps on Sales Forecast Projecting Return to GrowthThe 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 sales 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. “This was a turbulent close to what had been a great year,” Huang said in the statement.


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