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Nvidia forecasts fourth-quarter revenue above estimates

News Snapshot:

A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/ File Photo Acquire Licensing Rights Nov 21 (Reuters) – Chip designer Nvidia (NVDA.O) forecast fiscal fourth-quarter revenue above Wall Street targets on Tuesday on expectations that improving supply chain dynamics will help it meet strong demand for its artificial intelligence chips. Nvidia, which outsources manufacturing to chipmakers like TSMC (2330.TW), has said it expects supply for its AI chips to improve each quarter, with the company making prepayments and placing noncancellable orders to ensure suppliers prioritize its chips….

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