NVIDIA Stock Relentlessly Keeps Powering Ahead (NVDA)

NVIDIA Corporation (NASDAQ:NVDA) rallied $10.48, or 15.44%, to $78.31 in extended hours trading after it reported 2017 fiscal-third quarter earnings. The graphics chip pioneer handed in earnings of $0.94 per share on revenue of $2.00 billion, up 54 percent from a year ago, beating Wall Street estimates of $0.68 per share on revenue of $1.69 billion. Net income came in at $542 million, or $0.83 per share from $246 million, or $0.44 per share, a year earlier. Gross profit margin, on a non-GAAP basis, was 59.2%, up from 56.5% on a y/y basis. Meanwhile, revenue from the “datacenter” business, including categories such as Artificial Intelligence, grew to $240 million, up 193% from the previous year. Its automotive business grew 61% year-over-year (y/y) to $127 million. Its video game segment, the biggest…


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