Nvidia reported fourth-quarter revenue of $6.05 billion and adjusted earnings per share of 0.88 euros, slightly above Wall Street estimates.
Its stock opened with a 12% jump. For the current quarter, the company’s management expects sales of $6.5 billion.
Analysts welcomed the financials and growth in Nvidia’s data center business, with some of them upgrading their recommendation on the stock.
More than 12 analysts increased their target price or maintained a positive recommendation on the stock.
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