<span>STORY: Nvidia on Wednesday forecast second-quarter revenue above Wall Street expectations, and assured investors that new customers would let it maintain blockbuster rates of growth. </span><span>The world’s most valuable company expects sales of around $91 billion, compared with estimates of about $87 billion.</span><span>For the first quarter, Nvidia reported revenue of $81.6 billion, also beating forecasts.</span><span>However, its shares dropped over 1% in extended trading, in a sign that investors believe Nvidia will face tougher competition.</span><span>That could come from U.S. rivals Intel and AMD, which are finding new demand for their chips in AI applications. </span><span>Nvidia CEO Jensen Huang told analysts his firm would grow faster than so-called “hyperscale” customers like Alphabet and Amazon.</span><span>He pointed to a new segment of smaller customers in its data center business that includes AI-specific cloud firms.</span><span>He added that the company’s new “Vera” central processors give it access to a $200 billion market.</span><span>Huang said Nvidia expects $20 billion in revenue from the new silicon by the end of this fiscal year, in addition to the $1 trillion for existing Blackwell and Rubin chips by 2027.</span>
