July 30, 2014

Nvidia shares up 11 percent on $5bn sales forecast

Nvidia shares are joining Yahoo shares today as strong US stock gainers. While Yahoo is trading 5% up following the departure of its CEO, Nvidia is trading up 11% on the back of a strong 2013 forecast.

The graphical chip maker forecast solid growth across both its graphics and mobile processing business. It has forecast 2013 sales of in the region of $5bn which far surpasses analysts expectations of $4.45bn.

Understandably, the forecast was met with concern from some analysts.

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