February 23, 2023

Nvidia Stock Surges After Earnings. What Wall Street Is Saying.

Nvidia

stock surged in premarket trading Thursday as investors and analysts welcomed the chip maker’s earnings and the growth opportunities presented by artificial intelligence.

The semiconductor company beat earnings expectations, reporting adjusted earnings of 88 cents a share on revenue of $6.05 billion. Wall Street had been expecting profit of 81 cents a share on revenue of $6.02 billion, according to FactSet.

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