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Nvidia sees strong demand; faces supply constraints
November 11, 2009 / 8:37 AM / 8 years ago

Nvidia sees strong demand; faces supply constraints

BANGALORE, Nov 11 (Reuters) - Graphics chipmaker Nvidia Corp (NVDA.O) is seeing strong demand for its products, helped by a recovery in the global economy, its chief executive said on Wednesday. “We have supply constraints across board,” Jen-Hsun Huang told reporters in the Indian city of Bangalore.

“And the reason for that is demand just spiked up very, very quickly and we are seeing robust demand across the board.”

He said the company was seeing recovery from all geographies, including U.S. and Europe.

Nvidia last week forecast fourth quarter revenue to be up about 2 percent from the third quarter, well above Wall Street expectations, and said its new server and mobile chips were gaining momentum. [ID:nN05146651]

The chip sector as a whole has been lifted by increased consumer demand, helping tech heavyweights such as Intel Corp (INTC.O) and Apple Inc (AAPL.O) post earnings well above Wall Street expectations. (Reporting by Sumeet Chatterjee; Editing by John Mair)

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