Nvidia Jumps Higher After Earnings

Summary Analyst sentiment on NVDA shares wasn’t overly bullish heading into this earnings report. Many acknowledge Nvidia as the top maker of video gaming chips for some time now, and they appear to have maintained their lead over AMD and others over the years. The CEO is optimistic and pointed to growth areas such as “virtual reality, deep learning, cloud computing and autonomous driving.” Chip maker Nvidia (NASDAQ:NVDA) is currently near 15% higher on Friday after reporting strong earnings, as the chip upgrade cycle and other trends seem to be weighing in their favor. Revenues grew 7% year over year to a record $1.3 billion, GAAP operating income up 15% and a quarterly dividend raised 18%. The CEO pointed to the company’s key role in these technology growth areas (quote…


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