Why Wall Street’s obsession with a Silicon Valley company most people never heard of is sending stocks surging

  • 📰 mercnews
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

The Santa Clara based company posted year-over-year sales growth of 101% in the second quarter. Revenue went from $6.7 billion in the second quarter last year to $13.5 billion this year.

This is the second time in a row that Nvidia’s quarterly earnings have blown past expectations. Its success is beginning to provide assurances that the AI gold rush is not just a flash in the pan.

into a bull market, even as the Federal Reserve has continued to hike interest rates in its battle against inflation.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 88. in BUSİNESS

Business Business Latest News, Business Business Headlines