Why NVIDIA Corporation (NVDA) Stock Is Soaring Today

Nvidia’s best-ever year comes as it continues to dominate the market for add-in graphics cards: its products command a healthy margin at a company-wide 56.1 per cent – up from 55.5 per cent in the last financial year – but its expenses have also risen. The strong finish pushed Nvidia’s full-year revenue to $5.01 billion, up 7 percent from $4.68 billion the year before. This was up from $1.25 billion past year. Non-GAAP earnings per diluted share were $1.67, up 18 percent from $1.42 a year earlier. Once again touting the company’s “record results”, CEO Jen-Hsun Huang stressed Nvidia’s progress in building specialized visual computing platforms for large growth markets. “The big killer app that we are beginning to see is deep learning”, Huang said. The maker of graphics chips…

Link to Full Article: Why NVIDIA Corporation (NVDA) Stock Is Soaring Today

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