“Nvidia shares up 12% on earnings and bullish outlook on A.I.”
February 23, 2023
“Nvidia shares opened up over 12% Thursday morning, a day after the chipmaker reported a beat on the top and bottom line. Analysts are also bullish on the company’s A.I. vision.
Nvidia reported $6.05 billion in revenue for the fiscal fourth quarter and adjusted EPS of $0.88, edging out the Wall Street consensus. It forecast $6.5 billion in sales for the upcoming quarter.
Analysts responded positively both to Nvidia’s results and to growth in its data-center business, with a slew of reiterated or upgraded ratings coming after the report. That vertical is home to most of Nvidia’s sales of GPUs for artificial intelligence and grew 11% year-over-year…”
https://www.cnbc.com/2023/02/23/nvidia-stock-up-12percent-on-earnings-ai-potential.html