Nvidia eyes higher sales, talks up Tegra

Graphics chipmaker Nvidia forecast higher sales for the current quarter and said its mobile business would take off next year when tablets and smartphones will use its Tegra chips.

Nvidia's shares rose in after-hours trade after the company said its revenue in the fourth quarter would rise between 3 percent and 5 percent sequentially.

Analyst on average had expected 2.6 percent growth, according to Thomson Reuters I/B/E/S.

Nvidia is moving into the fast-growing mobile business, combining low-powered processors designed by ARM Holdings Plc with its own Tegra brand graphics processors for mobile devices.

Read Full Article from Reuters

- Posted: 2010-11-12 10:14:17

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