These 10 Words From NVIDIA's CEO Could Mean More Upside for This Growth Stock
Investors had high expectations heading into NVIDIA's (NASDAQ: NVDA) fiscal first-quarter earnings report in late May, and the graphics chip maker didn't disappoint.
Revenue and adjusted earnings per share crushed expectations, with record results across the gaming, data center, and professional visualization segments. What's more, management guided for revenue of approximately $6.3 billion for the fiscal second quarter, higher than the $5.5 billion analysts had expected.
In a statement, CEO Jensen Huang said: "Across industries, the adoption of NVIDIA computing platforms is accelerating." These 10 words from the graphics wizard himself spell further upside in 2021 for this growth tech stock. Let's look at what management had to say during the fiscal first-quarter earnings call, and why the stock might be undervalued in the near term.
Source Fool.com
