In turn, its adjusted EPS climbed 49% to $1.36. Its non-GAAP operating income increased 55% from the prior-year quarter to $3.96 million. This significant growth was driven by an 83% rise in data center sales to $3.75 billion and a 31% increase in gaming revenue to $3.62 billion. NVDA's revenue has increased 46% year-over-year to $8.29 billion in the third quarter, ended May 1, 2023. The company blamed diminished revenue in Russia and COVID-19-related production shutdowns in China. In addition, the stock was down nearly 5.5% in late trading yesterday after the chipmaker issued a softer-than-expected outlook for the July quarter. While the company's shares are up 8.5% in price over the past year, the stock is down 42.3% year-to-date, closing yesterday's trading session at $169.75. Its products are used in gaming devices, data centers, and automobiles. The company operates in two segments: Graphics and Computing and Networking.
Santa Clara, Calif.-based NVIDIA Corporation ( NVDA ) is a leading semiconductor and networking solutions firm located in the United States. Nvidia (NVDA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Join our VIP Community NOW - For only 1 Current Price: 212.
Your current 100 investment may be up to 381.98 in 2027. With a 5-year investment, the revenue is expected to be around +281.98. So, let's evaluate if it is worth betting on the stock now. Based on our forecasts, a long-term increase is expected, the 'NVDA' stock price prognosis for is 812.014 USD. Despite posting impressive third-quarter earnings results, semiconductor chipmaker NVIDIA's (NVDA) shares plunged nearly 5% in price in late trading yesterday, owing to its weaker-than-expected outlook for the coming quarter.
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