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…

Link to Full Article: Nvidia Remains in Driver’s Seat With Focus on Niche Tech

Pin It on Pinterest

Share This

Join Our Newsletter

Sign up to our mailing list to receive the latest news and updates about homeAI.info and the Informed.AI Network of AI related websites which includes Events.AI, Neurons.AI, Awards.AI, and Vocation.AI

You have Successfully Subscribed!