Nvidia Intel continues to forecast strong growth in the data center business

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(Reuters) – Nvidia Corp (NVDA.O) on Thursday he joined with Intel Corp rival (INTC.O) predict strong demand for prediction of chips in data centers after market expectations depend on third quarter income and profit.

PHOTO FILE: NVIDIA computer graphic cards are shown for sale at a retail store in San Marcos, California, U. 14 August, 2018. REUTERS / Mike Blake

The company's gaming chip business put the quarterly results into power, but said it is expected that the seasonal season will affect gaming cards used in PCs and laptops in the fourth quarter.

The strong quarterly performance of top manufacturers is a relief for the declining industry due to a slowdown in U-China's long trading war.

Nvidia said that it is expected that data centers will grow from a rise in AI chats, the ability for computers to engage in human interviews, and inference, the process to use algorithm for tasks such as sound transfer to text-based applications.

“As in Intel, Nvidia saw a huge demand from its customers of scale, undoubtedly the impact of machine learning training and important needs,” said Patrick Moorhead from Moor Insights & Strategy.

In March the company opposed Intel to buy Israeli chip designer Mellanox Technologies Ltd (MLNX.O(b) for $ 6.8 billion, in expected dealings to assist the firm in strengthening its data center and business AI.

He will return to buy back stock after he has closed the acquisition, which she expects early next year, said Nvidia Thursday.

Graphic: NVIDIA TRANSFER interactive INCOME, here

The company is expecting a quarter quarter income of $ 2.95 billion, plus or minus 2%, and on average analysts had expected $ 3.06 billion, according to IBES data from Refinitiv.

In the reporting quarter, revenue from a gaming business fell by 6% to $ 1.66 billion, but an estimated $ 1.54 billion beat, according to FactSet.

Total revenue fell by 5% to $ 3.01 billion, but was expected to be $ 2.91 billion. Without included items, it earned $ 1.78 per share, above an estimate of $ 1.57.

The company's shares were slightly lower in volatile trade.

GUI: NVIDIA INCOME GUIDANCE GUIDE, here

Reporting by Vengattil Munsif in Bengaluru; Edited by Arun Koyyur

Our Standards:The principles of Thomson Reuters Trust.

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