NVDA Stock Market News: NVIDIA Reports Record Revenue and Earnings
Recent Financial Results
- Revenue: $6.5 billion, up 47% year-over-year
- Net income: $1.94 billion, up 72% year-over-year
- Earnings per share: $2.87, up 71% year-over-year
Key Drivers of Growth
The company's growth was driven by strong demand for its graphics processing units (GPUs) used in gaming, data centers, and artificial intelligence applications.
NVIDIA's data center business was particularly strong, with revenue growing 71% year-over-year. This growth was driven by the increasing use of GPUs for cloud computing and machine learning.
Outlook
NVIDIA is positive about its future prospects and expects continued growth in its core markets.
The company is investing heavily in research and development to maintain its leadership position in the GPU market.
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