zAngus

Strong Aftermarket Move for NVIDIA on earnings.

zAngus Updated   
NASDAQ:NVDA   NVIDIA
Nvidia Corp. has given a bullish revenue outlook for the current quarter, with sales in the three months ending in April expected to be about $6.5 billion, compared to analysts' average estimate of $6.35 billion. The positive forecast is due to Nvidia's push into artificial intelligence processors, which is helping offset sluggish demand for personal computer chips. The company has also announced its own AI cloud service, in partnership with Oracle, Microsoft and Google, which will offer the ability to use Nvidia GTX machines for AI processing via simple browser access. The shares climbed as much as 9.1% after the report was released, making Nvidia the world's most valuable chipmaker again. However, the company's dependence on the PC market for a large chunk of sales still dragged on its results last quarter.

Worth a watch.
Comment:
Strong 14% move for NVIDIA.

Comment:
Continuing to run well. Now up 150% off its bottom.

Comment:
Another MASSIVE move in the post-market on earnings.
Comment:
Still putting on new highs. Does feel overdue for a pullback though.


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