Nvidia earnings bests Wall Street consensus on top and bottom lines. Revenue rises 262% from a year ago due to revenue from data center products.
stock rises near$998 per share, above $974 former all-time high. Dividend raised by 150% to one penny per share onpost 10-for-1 split basis. Nvidia earnings were a smash hit once again when they arrived after Wednesday's market close. Shares blasted past the former $974 all-time high to reach just under $1,000 per share, up more than 4% afterhours. Nvidia earned $6.12 in adjusted earnings per share on revenue of $26.04 billion. Both figures were far above the Wall Street consensus.
15-minute stock chart Nvidia FAQs What is Nvidia known for? 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.
. Nvidia became a leading designer of chips to the data center, PC, automotive and mobile markets through its close relationship with Taiwan Semiconductor. What is Nvidia’s relationship to artificial intelligence? In 2022, Nvidia released its ninth-generation data center GPU called the H100. This GPU is specifically designed with the needs of artificial intelligence applications in mind.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »