Nvidia’s bet on deep learning and autonomous cars drives stock to record highs
Nvidia has been a leader in producing the technology behind high-quality graphics for years, but the company’s bet on a different future has taken it to new heights on Wall Street. Nvidia Corp. surprised investors with a better than expected second quarter earnings and outlook Thursday, fueled by sales of its new graphics processor family, as well as chips to data centers. The company’s core gaming-processor business, which saw a jump of 18% to $781 million in revenue, made up about half of Nvidia’s NVDA, +2.03% total revenue of $1.43 billion in the quarter. Chief Executive Jen-Hsun Huang, though, spent an equal amount of time on the company’s conference call discussing the growth in its far-smaller data center business and his investment in deep learning, pointing to the future of…
Link to Full Article: Nvidia’s bet on deep learning and autonomous cars drives stock to record highs
Sharing
