Reported about 7 hours ago
Nvidia reported a 56% increase in second-quarter revenue and a 59% rise in net income year-over-year, solidifying its position as a leading company in the stock market, despite missing sales estimates in its data center division, which caused a dip in its stock. With a market value of $4.429 trillion, it tops the S&P 500 and has witnessed a staggering 1,143% rise in stock price since the beginning of 2023. The company forecasted $54 billion in revenue for the upcoming quarter while returning $24.3 billion to shareholders in the first half of the fiscal year.
Source: YAHOO