Nvidia shares little changed despite earnings beat. What the pros say to do next

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Pros on CNBC discussed Nvidia after the company beat both earnings and revenue estimates for the second quarter.

Market Movers rounded up the best reactions on Nvidia from investors and analysts. The experts, including Jim Cramer , discussed the chipmaker after its second-quarter financial report topped analyst estimates on both the top and bottom lines, including revenue that surpassed expectations by more than $2 billion.

Surging demand for AI-capable chips helped Nvidia deliver another round of strong guidance with an expected $16 billion in revenue for the third quarter, up 170% from the same time last year. Nvidia shares had hit a record-high after market open Thursday, but finished the day nearly unchanged from Wednesday's close. The stock is up more than 220% this year and is currently held in Cramer's Charitable Trust portfolio.

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:

 /  🏆 12. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CNBC Daily Open: When yields are this high, why buy stocks?Why should traders invest in stocks that may not return as much, or just slightly more, when there’s an asset class that guarantees a 4% return?
Source: nbcchicago - 🏆 545. / 51 Read more »

CNBC Daily Open: With such high yields, why buy stocks?Why should traders invest in stocks that may not return as much, or just slightly more, when there’s an asset class that guarantees a 4% return?
Source: NBCDFW - 🏆 288. / 63 Read more »