Nvidia Q2 Earnings Results: NVDA pops to $515 on significant beat on earnings, revenue

stock popped nearly 10% late Wednesday after walloping second-quarter consensus by a wide margin. The leading semiconductor designer reported adjusted earnings per share of $2.70 – 29% than Wall Street expected. Likewise, revenue of $13.51 billion was 22% ahead of consensus.

Nvidia stock closed up 3.17% in the regular market, closing at $471.15. Based on the closing price, NVDA stock is up 229% YTD.Nvidia is the leading fabless designer of graphics processing units or GPUs. These sophisticated devices allow computers to better process graphics for display interfaces by accelerating computer memory and RAM. This is especially true in the world of video games, where Nvidia graphics cards became a mainstay of the industry.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Nvidia Earnings Preview: NVDA produces new all-time high before selling offNvidia (NVDA), the leading global designer of GPUs and chips specifically used in generative AI systems, has seen its share price break to a new all-t
Herkunft: FXStreetNews - 🏆 14. / 72 Weiterlesen »

U.S. stocks open slightly higher as investors await Nvidia earnings resultsU.S. stocks opened slightly higher Wednesday, as investors await economic data on manufacturing, services and new home sales as well as earnings results from...
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Stock market today: Asian shares are mixed ahead of Fed Chair speech and Nvidia earningsAsian markets are trading mixed ahead of Fed Chair Jerome Powell’s highly anticipated speech later in the week.
Herkunft: AP - 🏆 728. / 51 Weiterlesen »

Nvidia Stock Sold By Cathie Wood Ahead of Earnings, Buys More Zoom SharesThe investor's ARK Innovation Fund dumped the stock in January, missing out on most of the chip maker's meteoric 212% rise so far in 2023.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Nvidia stock: Wall Street gears up for chipmaker's earnings reportFollow all the action as MarketWatch tracks Nvidia and its key earnings release.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Nvidia stock options traders are bracing for larger move than usual after earningsOptions traders are bracing for an outsize swing in Nvidia Corp.'s stock price after the chip giant's earnings report Wednesday afternoon.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »