Higher-than-expected Q2 earnings for Nvidia
The American multinational chip-maker, Nvidia, reported yesterday its Q2 earnings. The figures topped the expectations.
Nvidia posted revenues of $3.87 billion, or $2.18 per share. The forecasts were of $1.98 per share, with a revenue of $3.65 billion.
The increase in revenues was boosted by the growth of the data center business segment. It grew 167% to $1.75 billion from last year’s figures. It was followed suit by the gaming division, which went up 26% compared to previous year numbers, to $1.65 billion. It is the first time the company's data business center generated more revenue than the gaming division.
For the next quarter, Nvidia expects its revenue to reach $4.40 billion, ± 2%.
Following the report, Nvidia stock price traded 0.83% higher. Since the beginning of the year, Nvidia shares gained 106%, while USA500 added 4.51%.
Sources: thestreet.com, investing.com
Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.
Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.
