Technology
Why Analysts Are Chasing NVIDIA Secular Growth Trends
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NVIDIA Corp. (NASDAQ: NVDA) reported its fiscal first-quarter financial results after the markets closed on Thursday, and investors and analysts alike loved this report. Overall the company set a positive direction with earnings and the product updates that it listed.
24/7 Wall St. has included some highlights from the earnings report, as well as what analysts are saying about NVIDIA after the fact.
The company posted $0.46 in earnings per share (EPS) on $1.31 billion in revenue. That compares to consensus estimates of $0.31 in EPS on revenue of $1.27 billion. In the same period of last year, the company reported EPS of $0.33 and $1.15 billion in revenue.
During this past quarter, the company launched GeForce GTX 1080 and GTX 1070, based on NVIDIA’s new Pascal architecture, bringing the biggest performance gains over the previous generation of processors in a decade.
The company also expanded the NVIDIA VRWorks software development kit with Simultaneous Multi-Projection, which heightens realism with new display capabilities, and VRWorks Audio, which delivers physically modeled positional audio.
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