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Nvidia ($NVDA) Soars after Impressive 1st Quarter Results. Beats Earnings Estimates – First You Get the Money, Then You Get the Power, Then You Get the Respect
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Nvidia ($NVDA) Soars after Impressive 1st Quarter Results. Beats Earnings Estimates

HipHopBusinessDaily by HipHopBusinessDaily
May 24, 2023
in HipHopBusinessDaily.com
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Nvidia ($NVDA) Soars after Impressive 1st Quarter Results. Beats Earnings Estimates

NVIDIA (NASDAQ: NVDA) today reported revenue for the first quarter ended April 30, 2023, of $7.19 billion, down 13% from a year ago and up 19% from the previous quarter.

GAAP earnings per diluted share for the quarter were $0.82, up 28% from a year ago and up 44% from the previous quarter. Non-GAAP earnings per diluted share were $1.09, down 20% from a year ago and up 24% from the previous quarter.

“The computer industry is going through two simultaneous transitions — accelerated computing and generative AI,” said Jensen Huang, founder and CEO of NVIDIA.

This is not a shitcoin. Or a microcap.

This is $NVDA, Nvidia's chart after earnings. Up 15%, a straight line up.

Its YTD performance is over 145%. $NVDA just hit an all time high and gained 113 BILLION!!! in marketcap. pic.twitter.com/77MtCb5Y1h

— unusual_whales (@unusual_whales) May 24, 2023
Tags: day tradersinvestmentsNvdastockswalk street
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