NVIDIA Corporation Jumps on Robust Earnings amid Brisk GPU Sales

NVIDIA Corporation (NASDAQ:NVDA) shares rallied as high as 7% during after-market hours yesterday, after the company posted upbeat top- and bottom-line results for fourth quarter of fiscal 2016 (4QFY16). It witnessed healthy growth across its market platforms, which include Gaming, Data Center, and Professional Visualization. The graphic processing units (GPU) provider posted $1.4 billion in total revenues, which surpassed the $1.31-billion consensus estimate. CEO Jen-Hsun Huang commented on the company’s quarterly performance, and highlighted its encouraging growth opportunities around virtual reality (VR), PC gaming, self-driving cars, and deep learning. Moreover, the executive particularly pointed toward the advancement in its deep learning technology, which is gaining serious traction in the market. Adjusted earnings per share (EPS) of $0.52 beat the analysts’ expectation of $0.32 by a mile. Stocks of several semiconductor…


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