Hyper-Growth Makes Nvidia Blow Past Q3 Estimates

Summary:

  • Nvidia Corporation reported strong fiscal Q3 earnings and provided a positive guidance for the current quarter.
  • The company’s revenue growth was driven by data center revenue gains, particularly in the AI sector.
  • While Nvidia’s growth is impressive, the high valuation of its stock may limit further share price gains in the near term.

Artificial Intelligence processor unit. Powerful Quantum AI component on PCB motherboard with data transfers.

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Article Thesis

Nvidia Corporation (NASDAQ:NVDA) reported its most recent quarterly earnings results on Tuesday afternoon. The company beat estimates easily, and the just-released guidance for the current quarter looks very strong as well. However, Nvidia has


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