Citi Predicts Nvidia's Revenue Will Surge on Strong AI Sales
Citi has revised its revenue forecasts for Nvidia, expecting stronger-than-expected quarterly sales.
The brokerage estimates July-quarter revenue of approximately $93 billion, exceeding Wall Street's expectations by about $1 billion.
Nvidia's data-center revenue is expected to rise 15% sequentially in the July quarter and 14% in October, driven by the ramp-up of its Blackwell chips and AI networking components.