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.

Why Nvidia Stock Climbed 53% in the First Half of 2021

TheMotleyFool

0 0

Why Nvidia Stock Climbed 53% in the First Half of 2021

Shares of Nvidia (NASDAQ: NVDA) gained 53.2% in the first half of the year, according to data provided by S&P Global Market Intelligence. After posting robust growth in revenue and profits in fiscal 2021 (which ended in January), Nvidia reported another spectacular earnings report in May, with revenue up 84% and earnings per share up 106% over the year-ago quarter.

Wall Street analysts have been raising their full-year revenue and earnings estimates, which might lead to more upside, especially if a key catalyst comes to fruition.