Nvidia shares set to open at record high after big earnings beat

  • 📰 nbcchicago
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The AI darling has seen demand for its powerful GPU chips surge over the last year and projects that demand will continue through next year.

Nvidia shares jumped 7% after the company reported a beat on the top and bottom lines.

Analysts also honed in on strong guidance for the upcoming quarter. The company expects around $16 billion of revenue for its fiscal third quarter, up 170% compared to the year-ago period.

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:

 /  🏆 545. in NG
 

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

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Nvidia options show traders positioned for outsized share move after earnings By ReutersNvidia options show traders positioned for outsized share move after earnings
Source: Investingcom - 🏆 450. / 53 Read more »

Nvidia options show traders positioned for outsized share move after earningsTraders in the U.S. equity options market are expecting a larger-than-usual swing in Nvidia's shares following the chipmaker's quarterly results after the close on Wednesday, options market data showed.
Source: Reuters - 🏆 2. / 97 Read more »

Wall St set for higher open on Nvidia earnings optimism By ReutersWall St set for higher open on Nvidia earnings optimism
Source: Investingcom - 🏆 450. / 53 Read more »