Here's Why Nvidia Stock Remains a Screaming Buy at Record Highs
Nvidia (NASDAQ: NVDA) crushed Wall Street's expectations when it released its fiscal 2022 third-quarter results on Nov. 17, with its record numbers and impressive guidance sending the stock up 8% to a new all-time high post the release.
The latest surge in Nvidia stock seems well deserved as the chipmaker's revenue for the quarter (which ended Oct. 31) jumped 50% year over year to a record $7.1 billion, driven by record revenue in the gaming and data center businesses. The company's adjusted earnings shot up 60% year over year to $1.17 per share during the quarter. Analysts were expecting Nvidia to deliver $1.11 per share in earnings on $6.83 billion in revenue.
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Source Fool.com
