Nvidia's Revenue Exceeds Analyst Expectations
Nvidia announced its third-quarter earnings and revenue.
The company's earnings exceeded analysts' expectations.
The company reported revenue of over $57 billion,
while forecasts indicated revenue of around $54 billion.
This represents a growth of approximately 62% in the third quarter.
The company's stock rose by more than 5% following the earnings announcement,
resulting in earnings of over $1.30 per share.
The company also announced its continued investment in artificial intelligence,
and its commitment to further development in the coming period.
Technical Outlook
The company's stock is currently trading around $185,
with expectations of an upward move towards $196 and then $208.
However, if the price closes below $176,
we may see a correction to the $162 level.
The current levels are considered important buying opportunities,
so any bullish technical signals that emerge will further strengthen the upward trend,
in line with the company's current positive news.
