NVIDIA's third quarter report is expected to become the main driver of VR business
PascalGPU has entered the gaming industry, VR, autonomous vehicles and data centers, artificial intelligence computing and other fields with great success.
NVIDIA's third quarter report is expected to become the main driver of VR business
NVIDIA's three-quarter report released after the market on Thursday was expected to be strong, with a number of business performances including video games and artificial intelligence. On the same day, the stock surged nearly 15% against the trend after the second consecutive day of decline in the technology sector. On Friday, it surged nearly 30% to close at the historical high of 87.97 US dollars, driving the Nasdaq to rebound.
In the earnings conference call, NVIDIA founder and CEO Jen-HsunHuang said that the results achieved in the third quarter have a lot to do with the strong development of NVIDIA's full line of products. PascalGPU has entered the gaming industry, VR, autonomous vehicles and data centers, artificial intelligence computing and other fields with great success.
Nvidia’s earnings after the close of trading on Thursday clearly exceeded analyst expectations. The company's third-quarter revenue rose 54% year-on-year, the largest increase in more than six years, to $2.004 billion; net profit soared 120% to $542 million; revenue is expected to reach $2.1 billion in the next quarter.
Nvidia also raised its quarterly dividend from 11.5 cents per share to 14 cents per share and announced an additional repurchase of $2 billion in stock. According to Blackbird, this year, NVIDIA's share price has more than doubled, from a medium-sized company with a market value of about 20 billion US dollars to a giant with a market value of nearly 50 billion US dollars.
NVIDIA's third quarter report is expected to become the main driver of VR business
NVIDIA's three-quarter report released after the market on Thursday was expected to be strong, with a number of business performances including video games and artificial intelligence. On the same day, the stock surged nearly 15% against the trend after the second consecutive day of decline in the technology sector. On Friday, it surged nearly 30% to close at the historical high of 87.97 US dollars, driving the Nasdaq to rebound.
In the earnings conference call, NVIDIA founder and CEO Jen-HsunHuang said that the results achieved in the third quarter have a lot to do with the strong development of NVIDIA's full line of products. PascalGPU has entered the gaming industry, VR, autonomous vehicles and data centers, artificial intelligence computing and other fields with great success.
Nvidia’s earnings after the close of trading on Thursday clearly exceeded analyst expectations. The company's third-quarter revenue rose 54% year-on-year, the largest increase in more than six years, to $2.004 billion; net profit soared 120% to $542 million; revenue is expected to reach $2.1 billion in the next quarter.
Nvidia also raised its quarterly dividend from 11.5 cents per share to 14 cents per share and announced an additional repurchase of $2 billion in stock. According to Blackbird, this year, NVIDIA's share price has more than doubled, from a medium-sized company with a market value of about 20 billion US dollars to a giant with a market value of nearly 50 billion US dollars.
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