Company Of The Day: Nvidia

August 19th, 2021 by Trefis Team
-25.29%
Downside
118
Market
88.09
Trefis
NVDA: NVIDIA logo
NVDA
NVIDIA

What?

Nvidia (NASDAQ:NVDA)  posted a stronger than expected set of Q2 FY’22 results, with revenues surging 68% to a record $6.51 billion, and adjusted EPS standing at $1.04 a share, up from $0.55 last year.

Why?

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The growth was driven primarily by the company’s gaming segment, which saw revenue rise 85% year-over-year to $3.06 billion. Demand from the data center market was also robust.

So What?

Nvidia’s stock gained about 2% in Wednesday’s trading.

See Our Complete Analysis For Nvidia

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