Nvidia, the world’s largest chip maker by market value, gave an upbeat forecast for the fourth quarter, fuelled by its expansion into data centres.
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Nvidia extended its rally on Tuesday, briefly driving the company’s market value over $800-billion.
Euphoric gains in Nvidia over the past month have made the stock one of the most expensive names in the red-hot chip-making industry.
Nvidia got rich on 3D videogames. Now it’s ready to remake the Internet as a 3D place.
The UK is considering blocking a takeover of ARM by Nvidia due to potential risks to national security, according to people familiar with the discussions.
Nvidia forecast second quarter revenue above analysts’ estimates on Wednesday. However, it could not say how much of its recent revenue rise was driven by the cryptocurrency market.
Nvidia plans to make a server processor chip based on technology from ARM, putting it in the most direct competition yet with rival Intel.
Nvidia forecast better-than-expected financial first quarter revenue on Wednesday, with its flagship gaming chips expected to remain in tight supply for the next several months.
Nvidia’s record deal to buy ARM will encounter major hurdles from regulators in countries sparring over trade and customers concerned the transaction will limit competition and unfairly favour ARM’s future owner.
If Nvidia is able to pull off its blockbuster acquisition of premier chip designer ARM, the deal may be the final piece it needs to dominate the industry for a generation.