From Investing.com: 2024-11-21 08:50:27

Nvidia’s Q1 earnings report exceeded expectations with $35 billion in sales, driven by strong data center performance. Analysts praise the results as unprecedented growth from the AI giant, projecting revenues of $37.5 billion for Q4. Despite some negative investor reactions, Wedbush believes Nvidia’s conservative guidance sets the stage for the AI Revolution and tech sector rally. The data center segment saw a 154% increase in sales, reaching $26.3 billion in Q2. Adjusted earnings per share were 81 cents, surpassing projections.



Read more at Investing.com: Nvidia’s ‘flawless’ results a ‘bright green light’ to own the stock, Wedbush says By Investing.com