NVIDIA a ‘Diverse Visual Computing Company,’ Canaccord Says After Financials Beat Expectations

Shutterstock photo NVIDIA ( NVDA ), which reported record second-quarter results that topped expectations, is an indication that its transformation to a company that offers a wide range of products is complete, according to analysis from Canaccord Genuity. Revenues totaled $1.428 billion, 5.4% above consensus and 24% higher than the prior year, the company said in its earnings report yesterday. GAAP earnings came in at $0.40, up from $0.05 a year ago, while non-GAAP earnings jumped to $0.53 from $0.34 a year earlier. Chief Executive Jen-Hsun Huang attributed the beat to demand for the company’s new Pascal-generation graphics processing unit and “surging interest” in deep learning, which drove the company to record results. “Our strategy to focus on creating the future where graphics, computer vision and artificial intelligence converge is…


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