Nvidia Corporation Surges after Q3 Earnings (NVDA)

Shares of Nvidia Corporation (NVDA) surged more than 15% in after-hours trading after the company topped Wall Street earnings expectations. Shares topped $78.00 on Thursday evening after the firm reported an earnings-per-share figure of $0.94 0n top of $2.0 billion in revenue. Wall Street analysts held consensus a consensus EPS estimate of $0.57 and $1.69 billion in revenue. Crowd-sourced estimates from Estimize anticipated $0.60 on $1.695 billion in revenue. The company said that it saw big revenue gains from its Pascal graphics processing units (GPUs) in gaming, virtual reality, self-driving cars and artificial intelligence computing. (See also: Investors Turn to Artificial Intelligence.) “We have invested years of work and billions of dollars to advance deep learning,” Nvidia CEO Jen-Hsun Huang said in a press statement. “Our GPU deep learning platform…


Link to Full Article: Nvidia Corporation Surges after Q3 Earnings (NVDA)

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