NVIDIA (NVDA) Stock Is Back To New Highs: What Next?

The graphic processing unit manufacturer NVIDIA (NASDAQ:NVDA) saw its stock move on Friday. The stock jumped by as much as 5% yesterday as optimism grew among investors with regard to the company’s growth prospects.

In order to get an idea about the company’s potential, investors need to take a look at its first-quarter results that were announced this past week. The company generated revenues of $5.66 billion, which reflected a year on year surge of as much as 84%.

The massive surged in revenues was primarily due to the 79% rise in revenues from data centers and a 106% jump in gaming segment sales. In addition to that, NVIDIA also managed to deliver earnings per share of $3.03, and that reflects a year-on-year surge of 106%. Hence, it is easy to see why investors are excited about the company’s growth prospects. Investors could keep the stock in their watch lists at this point. –

Anthony Gonzales

Biotech, Tech, and Crypto reporterAnthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.