What happened Shares of Nvidia (NASDAQ: NVDA) continued their rally today following its quarterly earnings. Tech stocks overall were up, as measured by the Nasdaq Composite's 1.2% gain as of 11:30 a.m. Read More...
Motley Fool
Better Buy: Nvidia vs. AMD
High-flying semiconductor stocks Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) are down in the dumps so far this year as investors have sold off richly valued tech stocks amid rising interest rates, surging inflation, and concerns about the health of the semiconductor market after a couple of years of terrific growth. The company posted record revenue in the gaming and the data center businesses, which together produced nearly 89% of its top line. Nvidia’s total revenue was up 46% year over year to $8.3 billion last quarter, while adjusted earnings popped 49% year over year to $1.36 per share.
Add Comment