Nvidia is on an all time high with no signs of stopping
NVIDIA is on a roll these days. First with the launch of Pascal, the new GPU architecture powering the GTX 1000 series GPUs and Titan Xp and now with a quarterly earnings revenue of $1.94 billion.
Basically a 48% gain.
I wouldn't expect every NVIDIA fanboi to follow the stock market but a revenue of almost 2 billion dollars tends to get investors excited and they immediately start dumping money into the stock. That makes good sense for everyone including existing stock holders who are just watching the numbers go up.
The result is something like this.
Nvidia stock is soaring, up more than 14% in after-hours trading, beating Wall Street’s expectations for its first quarter.
The graphics processing unit (GPU) company announced its first quarter earnings today with revenue of $1.94 billion, a 48% gain year over year. While gaming drives most of the company’s sales, its largest area of growth over the past year was selling GPUs that power the artificial intelligence and graphics processing in datacenters. That sector of business saw 186% growth year over year, just a dip below last quarter’s 205% growth.
Lets hope that NVIDIA can keep this going. I suspect things will slow down for awhile given that all of the major verticals have been released but, you never know.
Of course that doesn't include automotive and datacenter systems unless you count the $1200 Titan Xp and the Tesla V100 and variety of configurations you can buy it in.
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