Nvidia forecasts upbeat sales on AI chip demand

Computing power: A file picture showing Huang at a Nvidia event in Washington. Businesses and governments are spending relentlessly in the race to develop the most sophisticated AI tech, or risk falling behind. — Bloomberg

SAN FRANCISCO: Chipmaker Nvidia forecast first-quarter revenue above market estimates on Wednesday, betting on Big Tech’s unabated spending on its artificial-intelligence (AI) processors.

The company said it had secured enough chip inventory and capacity to meet demand beyond the next several quarters, seeking to alleviate concerns that a supply crunch at its chip-contract maker TSMC was getting in the way of its growth.