Nvidia gives upbeat quarterly forecast

Growing fast: People walk pass Nvidia’s offices in Taipei in Taiwan. The firm is now working to spread its AI technology beyond the big data-centre companies. — Bloomberg

SAN FRANCISCO: Nvidia Corp has predicted another massive sales gain for the current quarter, helping justify a stock rally that has turned it into one of the world’s most valuable companies.

Revenue in the current period will be about US$24bil, the company said in a statement.