NVIDIA Reports Earnings,Stock Up

NVIDIA Reports Earnings,Stock Up

Shares of NVIDIA Corporation (NASDAQ:NVDA)surged more than 12% reaching new 52 week highs after the tech manufacturer released earnings Thursday after market closed. The company reported earnings of 46 cents a share on revenue of $1.3 billion, above analysts’ expectations of 0.31 in EPS on revenue of $1.27 billion. Nvidia started as a PC graphic chip maker, but since the growth PC is stalling the company has successfully managed to shift its focus towards new innovative tech, like graphics-enhanced data center computing, deep learning, and car computing. Co-founder and CEO of NVIDIA, said, “We are enjoying growth in all of our platforms — gaming, professional visualization, datacenter and auto. Accelerating our growth is deep learning, a new computing model that uses the GPU’s massive computing power to learn artificial intelligence…


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