NVIDIA Beats Q1 Estimates – Is Now the Time to Buy?

NVIDIA (NVDA) released its first-quarter earnings report on last week, and the results were nothing short of impressive. If you’ve yet to buy into the chipmaker’s stock, now may be the time to start seriously considering it. The company posted revenue of $1.3 billion, a 13% increase year-over-year. Non-GAAP EPS climbed to $0.46, up 39% compared to last year. Analysts were expecting revenue of $1.26 billion with earnings per share of $0.41. Adding to the company’s positive performance, Jen-Hsun Huang, CEO and co-founder of NVIDIA, says the growth was driven by all the key segments of the business. In a press release, Huang noted that growth came from all of its platforms, including professional visualization, gaming, auto and datacenter. But there’s one computing model that’s really driving growth for the…


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