Nvidia forecasts demand rebound, Wall Street not so sure [Reuters]
Advanced Micro Devices, Inc. (AMD)
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Source: Reuters
Nvidia forecasts demand rebound, Wall Street not so sure | Reuters 3 Min Read (Reuters) - Nvidia Corp’s forecast of a demand rebound by the end of the year calmed investor nerves and pushed its shares up 5 percent on Friday, but several Wall Street analysts said the outlook was “aggressive” given weak demand and the ongoing U.S.-China trade war. The chip designer on Thursday forecast full-year revenue to be “flat or down slightly” from 2018, but Chief Executive Officer Jensen Huang said he expects China, gaming and self-driving vehicles to drive demand for its chips. Rival chipmaker Advanced Micro Devices Inc had also forecast full-year revenue ahead of analysts’ expectations. AMD, like Nvidia, is banking on its newest graphics and data center chips to bolster growth for the year. Top chipmakers took a hit in the fourth quarter from a slowdown in China, triggered by the trade dispute. In January, Nvidia cut its fourth-quarter revenue estimate by half a billion dollars because of weak
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