Nvidia forecast tops expectations on cloud sales despite coronavirus hit

FILE PHOTO - The nVIDIA booth is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles, California, U.S. June 13, 2017. REUTERS/ Mike Blake

(Reuters) – Nvidia Corp (NVDA.O) on Thursday forecast first-quarter revenue that topped Wall Street expectations, powered by sales of its chips to cloud computing vendors, even as it projected a $100 million hit from the coronavirus outbreak. The forecast reinforced expectations of a rebound in chip demand and sent Nvidia shares up nearly 7% in […]

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