NVIDIA Is Getting Its Groove Back [The Motley Fool]
Microsoft Corporation (MSFT)
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Source: The Motley Fool
NVIDIA Is Getting Its Groove Back The graphics computer chip specialist posted its second consecutive quarter of sequential growth in the gaming segment. The graphics chipmaker NVIDIA ( NASDAQ:NVDA ) reported better-than-expected revenue and earnings for the fiscal second quarter on Thursday afternoon. The improved results were driven by sequential growth in every segment, including gaming, professional visualization, data center, and automotive. The slowdown in NVIDIA's gaming and data center segments (its two largest sources of revenue) toward the end of 2018 was the main reason the stock took a dive last fall. Although both segments were still down year over year in this latest report, it was encouraging to see growth in sequential quarterly sales of 24% and 3%, respectively. In the earnings call, management had plenty to say about trends in gaming, including guidance for an increased gross margin short term, which hints at a stronger second half of 2019 for Team Green. There have
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- Microsoft Co. (NASDAQ: MSFT) had its price target raised by analysts at JPMorgan Chase & Co. from $440.00 to $470.00. They now have an "overweight" rating on the stock.MarketBeat
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- 4/25/24 - Beat
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