Nvidia’s Blowout Earnings Point to a PC Gaming and Artificial Intelligence Boom
A lot had already been priced into Nvidia’s (NVDA) shares going into the company’s fiscal third-quarter report. But apparently not enough. Look for analysts to dial their estimates sharply higher after the latest results, and perhaps also wonder just how big Nvidia’s long-term addressable market is. The GPU giant reported third-quarter revenue of $2 billion (up 54% annually) and EPS of 83 cents, trouncing consensus analyst estimates of $1.69 billion and 60 cents. It also guided for fourth-quarter revenue of $2.1 billion (plus or minus 2%), well above a $1.69 billion consensus and implying 50% annual growth at the midpoint. Shares are up 14.6% after hours to $77.65 as of the time of this article, surging to new highs and now up 136% on the year. With a current market cap of $42…
Link to Full Article: Nvidia’s Blowout Earnings Point to a PC Gaming and Artificial Intelligence Boom
Nvidia's Blowout Earnings Point to a PC Gaming and Artificial Intelligence Boom
