NVIDIA Corporation upgraded at RBC Capital following a solid Q2

NVIDIA Corporation (NASDAQ:NVDA) is evolving from just another Graphics Processing Unit manufacturer to a computing giant. The notion is further strengthened by the company’s Q2 earnings print which signifies that stepping in Deep learning, automotive, data center and virtual reality was the right thing to do. RBC Capital has upgraded NVIDIA Corporation following a very impressive quarterly earnings print. The earnings report for the second quarter of the fiscal year 2017 presented a revenue of $1.43 billion well ahead of the Street’s estimate of $1.35 billion. Revenue growth rate was observed at 24.3% y/y. Earnings per share amounted to $0.53, about 16 cents better than the Street’s assumption of $0.37. The 53 cents EPS is the highest for NVIDIA in the past few years with y/y growth rate of 55.9%.…


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