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Business · 1 hour ago

Nvidia expects 70% sales growth next year despite supply issues

Nvidia expects 70% sales growth next year despite supply issues

Nvidia, a top AI hardware firm, forecasts roughly 70% sales growth in the coming fiscal year, much higher than analyst estimates. CEO Jensen Huang said this growth reflects strong pricing power and improving gross margins of 72% to 73%. The company also expects its Vera Rubin GPUs to be its fastest-ramping product ever.

Reported by The Motley Fool · How we write briefs

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