NVidia $NVDA Earnings Glow With Machine Learning, AI, Bitcoin & Gaming Graphics
High-performance graphics chip pioneer NVidia reported better than expected fiscal Q3 earnings after the market close on Thursday. NVidia raised the dividend 7 percent to 15 cents a share and intends to return $1.25 billion to shareholders during the next fiscal year. NVidia consistently trumps analysts' expectations and comes just after Sony and gaming stocks Take Two Interactive $TTWO and Activision Blizzard $ATVI delivered strong earnings. NVIDA chips, graphics processors are gaming industry standouts for personal computers and video game consoles. Earnings: EPS $1.33 way ahead of analysts expected EPS of 94 cents on Revenue of $2.64 Billio beats expected 18% revenue growth to $2.36 billion.. "We had a great quarter across all of our growth drivers. Industries across the world are accelerating their adoption of AI." said CEO Jensen Huang in a statement What excites investors is earnings driven by strength across all product lines including, high-performance processors for data centers, artificial intelligence, digital currencies, machine learning and self-driving cars.
Nov-9-2017, 22:31:24 GMT
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