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Citigroup: NVIDIA's sales forecast this season is Favourable Information for European AI semiconductor companies.
Jin10 Data, May 29 - Citigroup analysts stated that Nvidia's sales forecast for this quarter is a good sign for European semiconductor companies involved in the artificial intelligence sector, such as ASML Holding, ASM International, Infineon Technologies, and Arm Holdings. Nvidia expects revenue for this quarter to be around $45 billion, with a fluctuation of 2%. Analysts wrote in a report to clients: "We believe that the increased confidence in future AI demand is also favorable for European semiconductor companies."