NVIDIA Corporation Stock News and Updates

Real-Time Quotes and Market Information

BREAKING: NVIDIA (NVDA) Stock Price Soars Following Strong Earnings Report

NVIDIA Corporation (NASDAQ: NVDA) shares surged during pre-market trading on Thursday after the company released better-than-expected quarterly financial results. The multinational technology company reported a significant increase in revenue and earnings per share for the previous quarter, driven by strong demand for its graphics processing units (GPUs). As of 8:30 AM ET, NVIDIA's stock price had jumped by approximately 7%, reaching a new all-time high.

According to the company's earnings report, NVIDIA's revenue for the quarter ended January 29th, 2023, reached $8.83 billion, a 53% increase compared to the same period last year. This exceeded analysts' consensus estimates of $8.18 billion. The company's net income for the quarter was $3.36 billion, or $1.32 per diluted share, an increase of 64% and 61%, respectively, year-over-year. These results surpassed analysts' predictions of $1.22 per share.