Company Of The Day: Nvidia
What?
Nvidia (NASDAQ:NVDA) posted a stronger than expected set of Q2 FY’22 results, with revenues surging 68% to a record $6.51 billion, and adjusted EPS standing at $1.04 a share, up from $0.55 last year.
Why?
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The growth was driven primarily by the company’s gaming segment, which saw revenue rise 85% year-over-year to $3.06 billion. Demand from the data center market was also robust.
So What?
Nvidia’s stock gained about 2% in Wednesday’s trading.
See Our Complete Analysis For Nvidia
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