NVIDIA Corporation (NVDA) Stock Looks to Break Ceiling after Strong Performance

NVIDIA Corporation (NVDA) Stock Looks to Break Ceiling after Strong Performance

NVIDIA Corporation (NASDAQ:NVDA) stock is up more than 7% in today’s pre-market trading session, after better-than-expected top and bottom line results. The chipmaker generated revenue of $1.30 billion and adjusted earnings per share (EPS) of 46 cents, compared to the Street’s estimates of $1.26 billion and 32 cents, respectively. Notably, the stock neared a 52 week high consequent to the results.Co-Founder and CEO of NVidia, Jen-Hsun Huang, appeared quite ecstatic over the double digit growth in overall revenue. The company enjoyed growth in almost all of its portfolios, including auto, data center, gaming, professional, and visualization. Moreover, the company’s EPS was also up 39% year-over-year (YoY), but down about 12% sequentially. Mr. Huang stated that: “Accelerating our growth is deep learning, a new computing model that uses the GPU’s massive…


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