Nvidia (NVDA) Sees A.I. Outperform In Earnings

Nvidia's (NVDA) earnings were released yesterday, February 22nd, postmarket. Alex Coffey and Jenny Horne discuss NVDA as its AI segment delivered more than anything. They talk about how NVDA reported better-than-expected results and strong guidance. They go over how 4Q data center revenue came in at $3.62B which is up 11% year-over-year, but gaming was down 46% year-over-year. They note that Needham and Citigroup have a buy rating on NVDA, while Deutsch Bank has a hold. They also mention how outside of AI, NVDA had some weak spots. Finally, Alex demonstrates an example trade using NVDA. The trade type is a call vertical and the direction is bullish. Tune in to find out more about the stock market today.

Next Gen Investing

23 Feb 2023

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