Nvidia’s Stock Soars On Strong Q3’17 Results
Leading GPU manufacturer, Nvidia (NASDAQ:NVDA) reported its Q3’17 results on November 10th. The company built on its growth momentum by posting revenues of $2 billion and gross margins of 59%, translating to a 53% and 280 basis points increase in the metrics, respectively. It was above guidance and consensus as well. This led to a 14% surge in Nvidia’s stock price in the after-hours. The company’s business model, based on driving GPU compute platforms into highly targeted markets, is clearly paying off. This is enabling Nvidia to extend its leadership across its segments. At the center of the strong Q3 2017 growth was the recently launched Pascal architecture, which the company believes is one of its most successful launches ever. The accelerating adoption of deep learning and Nvidia’s increasing engagement with hyper-scale data…
Link to Full Article: Nvidia’s Stock Soars On Strong Q3’17 Results
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