Why NVIDIA’s Recent Run Shouldn’t Come As A Surprise

NVIDIA Corporation (NASDAQ: NVDA) has jumped over 230 percent thus far this year, making it the best performer among the S&P 500 stocks. Since October, the stock is up a respectable 60 percent. What Makes The Stock Tick? After starting out as a chipmaker focusing on the gaming market, the company has transitioned into a maker providing chips and technology for varied applications such as voice recognition and self-driving cars. Q3 Beat NVIDIA’s third-quarter earnings released on November 10 showed forecast-beating earnings and revenues. Gaming revenues rose 63.5 percent year-over-year to $1.24 billion. Data center revenues were up a whopping 193 percent to $240 million. Revenues from auto climbed about 61 percent to $127 million. “We have invested years of work and billions of dollars to advance deep learning. Our…

Link to Full Article: Why NVIDIA’s Recent Run Shouldn’t Come As A Surprise

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!