Nvidia exceeds estimates due to graphics card revival

Jamie McKane

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Nvidia exceeds estimates due to graphics card revival

Nvidia Corp.’s second-quarter sales and profit topped analysts’ estimates, suggesting that a slump in orders may be easing amid a revival in demand for graphics chips and parts used in data centers. The stock rallied in late trading.

Revenue in the quarter that ended July 28 was $2.58 billion and profit excluding certain costs was $1.24 a share, the Santa Clara, California-based company said in a statement on Thursday. Analysts, on average, had estimated adjusted earnings of $1.14 a share on sales of $2.54 billion.

[Bloomberg]
 

Swa

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Guess all those mining cards have found their void.
 
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