Nvidia: "We have excellent visibility through the year and into next year, and we're already planning the next generation infrastructure with leading (cloud computing firms) and data center builders," Huang told investors on a conference call.
The company's sales forecast on Wednesday blew past Wall Street's expectations and it said it would buy back another $25 billion of its shares, a move most companies make when their leadership thinks the company is undervalued. Nvidia's stock price, though, has more than tripled this year and was set to hit an all-time high after Wednesday's results.