Why NVIDIA’s Recent Run Shouldn’t Come As A Surprise
NVIDIA Corporation (NASDAQ: NVDA) has jumped over 230 percent thus far this year, making it the best performer among the S&P 500 stocks. Since October, the stock is up a respectable 60 percent. What Makes The Stock Tick? After starting out as a chipmaker focusing on the gaming market, the company has transitioned into a maker providing chips and technology for varied applications such as voice recognition and self-driving cars. Q3 Beat NVIDIA’s third-quarter earnings released on November 10 showed forecast-beating earnings and revenues. Gaming revenues rose 63.5 percent year-over-year to $1.24 billion. Data center revenues were up a whopping 193 percent to $240 million. Revenues from auto climbed about 61 percent to $127 million. “We have invested years of work and billions of dollars to advance deep learning. Our…
Link to Full Article: Why NVIDIA’s Recent Run Shouldn’t Come As A Surprise
Why NVIDIA's Recent Run Shouldn't Come As A Surprise
