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Nvidia Stock Soars on Strong Outlook. Demand for AI Is Surging.

Por: MarketWatch Business May 25, 2023

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The semiconductor company reported April quarter adjusted earnings per share of $1.09, compared with Wall Street’s consensus estimate of 92 cents, according to FactSet. Revenue came in at $7.2 billion which was better than analyst expectations of $6.5 billion. For the quarter, gaming revenue was down 38% from a year ago, but sales for its data center segment rose 14% thanks to demand from AI. The big news was the outlook. For the current... + full article



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