Nvidia expects first-quarter sales to exceed $5.3 billion as demand for cryptocurrency mining chips grows

According to Reuters, Nvidia Corp said on Monday that its first-quarter revenue will exceed its previous forecast of $5.3 billion due to strong demand for chips in data centers and cryptocurrency mining. Nvidia said that its cryptocurrency mining division expects sales of $150 million this quarter, higher than the previous forecast of $50 million. "We expect demand to remain in short supply for most of the year."