Morning News Leader: NVIDIA (NVDA) Stock Trading Higher on Q4 Earnings Beat
NVIDIA Corporation (NVDA) is up 1.8% Friday morning. The company reported fourth-quarter earnings after the market close Thursday that topped estimates on both the top and bottom line. NVIDIA reported adjusted earnings of 80 cents per share on revenue of $2.21 billion. Analysts forecast earnings of 75 cents and revenue of $2.2 billion.
NVIDIA Corporation (NVDA) makes semiconductors.
Arista Networks, Inc. (ANET) and American Axle & Manufacturing Holdings, Inc. (AXL) top the list of other companies with positive news today, while XPO Logistics, Inc. (XPO) and TrueCar, Inc. (TRUE) top the list of companies with negative news.
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About NVIDIA Corporation
Nvidia is a leading designer of graphics chips that enhance the experience on computing platforms. The firm's chips are used in a variety of end markets, including high-end PCs for gaming, data centers, and automotive infotainment systems. In recent years, the firm has broadened its focus from traditional PC graphics applications such as gaming to more complex and favorable opportunities, including artificial intelligence and autonomous driving, which leverage the high-performance capabilities of the firm's graphics processing units.