NVIDIA Earnings: 4 Key Takeaways From the Strong Artificial Intelligence-Fueled Results
Graphics chip specialist NVIDIA Corporation (NASDAQ: NVDA) reported strong fiscal third-quarter 2018 results after the market closed on Thursday. Revenue and adjusted earnings per share (EPS) jumped 32% and 41%, respectively, from the year-ago quarter.
Both results breezed by analysts' estimates, suggesting that Wall Street could use a dose of artificial intelligence (AI) accelerated by NVIDIA's graphics processing units (GPUs) when developing projections.
Shares of NVIDIA jumped 3.2% in after-hours trading on Thursday. This pop combined with robust results in the key AI-driven data center business would usually bode well for Friday's performance. The wildcard is news out on Wednesday that Intel poached Advanced Micro Devices' former graphics head, meaning NVIDIA can expect competition from the chip giant in discrete GPUs.
Source: Fool.com
NVIDIA Corp. Stock
Currently there is a rather positive sentiment for NVIDIA Corp. with 193 Buy predictions and 9 Sell predictions.
As a result the target price of 110 € shows a slightly positive potential of 5.65% compared to the current price of 104.12 € for NVIDIA Corp..
