Nvidia Beat Analyst Expectations on Both Earnings And Revenue
Nvidia $NVIDIA(NVDA.US$ released Q3 earnings report after the market on Wednesday, lets take a review on that.
Record revenue of $4.73 billion, up 57 percent from a year earlier.
Record Gaming revenue of $2.27 billion, up 37 percent from a year earlier.
Record Data Center revenue of $1.90 billion, up 162 percent from a year earlier.
The highlight of its Q3 conference call was excutives' speech about Nvidia's blueprint. “NVIDIA is firing on all cylinders, achieving record revenues in Gaming, Data Center and overall,” said Jensen Huang, founder and CEO of NVIDIA,“We are continuing to raise the bar with NVIDIA AI and positioning NVIDIA for the age of AI. ”
However, $NVIDIA(NVDA.US$ dropped more than 3% in extended trading after releasing Q3 earnings report.
Mooers Comment:
Why is the share value dropping while everyone is saying this is the biggest merger in the history of the chip industry and rating it bullish?
Why is the share value dropping while everyone is saying this is the biggest merger in the history of the chip industry and rating it bullish?
I will leave this question to every mooer, please vote and comment your answer!
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
Moomoo Community Official Account
Bringing you insights, inspiration and the hottest content.
149KFollowers
1200Following
60KVisitors
Follow
insider trackerrr : Other reason is I dont know why NVDA's stock price so high, anyone knows?
JP88 insider trackerrr: They are the leading semiconductor manufacturer in the world and show no signs of slowing down. New analyst ratings project more growth.
insider trackerrr JP88: O I see, but other chip stock like $Advanced Micro Devices (AMD.US)$ 's stock price is lower than NVDA, and AMD's products are also competitive in the market. Could you please analyze more?
70751492 insider trackerrr: Nvidia has better GPU market than AMD. AMD is catching up tho. And AMD designs both CPU and GPU. I will hold my NVDA and AMD stocks for at least 5 years.