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Key takeaways
- Nvidia smashed every metric going on its earnings beat for the second quarter and raised guidance for Q3
- Nvidia shares were up nearly 10% in premarket trading at the news
- The chip maker’s dominance isn’t set to be seriously challenged any time soon as its competitors haven’t gone to market
Nvidia just smashed it out of the park again. With an earnings beat that was up on revenue, income and profitability several times over, a breathless Wall Street rewarded the chip maker with close to a 10% boost to its already sizeable share price, having become a trillion-dollar company earlier this year.
Nvidia’s dominance in the generative AI sector knows no bounds, with chips and software for data centers, gaming and supercomputers either in the works or already released. It’s no wonder its clients – and investors – can’t get enough of the stock. Here’s the latest.
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