Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Nvidia Stock Soars 25% as AI-Powered Guidance Demolishes Estimates

TheMotleyFool

0 0

Nvidia Stock Soars 25% as AI-Powered Guidance Demolishes Estimates: https://g.foolcdn.com/editorial/images/733888/nvda-stock-nvda-earnings-q1.jpg

Shares of Nvidia (NASDAQ: NVDA) skyrocketed 24.7% in after-hours trading on Wednesday following the graphics chip specialist's release of its first-quarter report for fiscal 2024.

Investors' delight is attributable to the quarter's revenue and earnings crushing Wall Street's estimates and management's second-quarter outlook for both the top and bottom lines demolishing analysts' expectations. It's safe to assume that management's super-rosy outlook is the biggest catalyst for the tech stock's huge rise.

Data source: Nvidia. GAAP = generally accepted accounting principles. Fiscal Q3 2023 ended on Oct. 30, 2022.

Source Fool.com

Like: 0

NVDA

Share