Nvidia Corp. shares rallied in the extended session Thursday after the chip maker’s data-center sales and outlook topped Wall Street estimates while returning to revenue growth.
Outsize data-center gains in the fourth quarter made up for a small shortfall in gaming sales. Nvidia reported a 56% gain in gaming sales from a year ago to $1.49 billion, while analysts had forecast $1.52 billion, versus a 43% surge in data-center sales to a record $968 million, more than $140 million above the Wall Street consensus of $825.8 million.
shares increased 5.2% in after-hours trading, after closing down 0.7% Thursday at $270.78. Over the past 12 months, Nvidia shares have gained 77%. In comparison,…