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.

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Source Fool.com