Nvidia Corp reported a better-than-expected quarterly profit and forecast second...
FILE PHOTO: The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. REUTERS/Tyrone Siu/File Photo
Nvidia has entered into newer growth areas such as data centers, artificial intelligence and self-driving cars as it looks beyond its bread-and-butter business of selling chips that enhance video game graphics. “Despite the near-term pause in demand from hyperscale customers, the application of AI continues to accelerate,” said Chief Executive Officer Jensen Huang.
The positive forecast allayed investor concerns about sluggish data center demand, which was flagged by bigger rival Intel Corp.
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