Nvidia Remains in Driver’s Seat With Focus on Niche Tech

Reddit Email Print Reprint Nvidia (NVDA – Get Report)  is enjoying a solid ride, fueled by its focus on niche technologies.  The Santa Clara, Calif.-based chipmaker still has room to run. Shares were up nearly 10% Friday morning, to $35.57, after reporting a solid fiscal first quarter Thursday after hours. Nvidia posted $1.3 billion in revenue on earnings of 46 cents per share, flying past Wall Street’s estimates of $1.15 billion in revenue and 32 cents per share. The chipmaker’s second-quarter guidance of about $1.35 billion in revenue also beats the consensus of $1.28 billion. “It’s been an incredible stock,” says Macquarie Capital analyst Deepon Nag via telephone. Must Read: NVIDIA Corporation (NVDA) Earnings Report: Q1 2016 Conference Call Transcript The automobile market has been a solid source of growth…


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