Nvidia expects first-quarter sales to exceed $5.3 billion


FILE PHOTO The logo of technology company Nvidia is seen at its headquarters in Santa Clara California February 11 2015.  REUTERSRobert GalbraithFile Photo

FILE PHOTO: The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California, February 11, 2015. REUTERS/Robert Galbraith/File Photo

(Reuters) -Nvidia Corp's first-quarter revenue will be above its earlier forecast of $5.3 billion, the chipmaker said on Monday, as it benefits from strong demand for chips that power data centers and cryptocurrency mining.

The company's shares, which rose on the back of a slew of product announcements during the session, were trading nearly 6% higher.

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