share_log

Raging AI Debate Delivers Fuel For Direxion's Nvidia-Focused Funds NVDU And NVDD

Benzinga ·  Nov 25 18:56

NVIDIA Corp(NASDAQ:NVDA) investors have no shortage of reasons to continue bidding up NVDA stock. Primarily, the semiconductor stalwart — known for its advanced graphics processors that undergird artificial-intelligence-based platforms and applications — recently posted financial results for the third quarter that handily beat expectations.

Management disclosed earnings per share of 81 cents, outpacing Wall Street's expectation calling for 75 cents. Notably, the tech firm beat its bottom-line target for eight straight quarters. On the top line, Nvidia rang up sales of $35.1 billion, up a whopping 94% on a year-over-year basis. This tally also exceeded the consensus view...

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment