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Nvidia easily beats earnings expectations on strong gaming and data center sales

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Reuters

Nvidia forecasts upbeat revenue on metaverse hopes

Nvidia Corp forecast fourth-quarter revenue above analysts’ expectations on Wednesday, betting on growth in its data center business as more internet companies set out to invest in artificial intelligence and the metaverse. The move will be a big boost for Nvidia, the world’s biggest maker of graphics and AI chips, as metaverse applications would need more computing power and drive demand for chips. The company last month released Omniverse Enterprise, a set of software tools that will allow companies to collaborate in building virtual worlds, the computing power for which comes from Nvidia’s chips.

Cisco reports disappointing revenue and issues forecast that misses estimates

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