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Nvidia Reports Q2 Revenue Growth of 101% and Profit Growth of 429%

Nvidia CEO Jensen HuangPhoto: Reuters/Scanpix

Nvidia reported Q2 results on Wednesday that far exceeded already high expectations. Revenue growth of 101% and profit growth of 429% boosted the stock price.

The company reported revenue of 13.51 billion. dollars, which is 101% more than last year. Adjusted earnings were $2.70 per share, up 429% year-over-year. In accordance with Bloomberg, analysts had predicted revenues of 11.04 billion. dollars and a profit of 2.07 dollars per share.

2023-08-24 07:43:31
#Nvidia #beat #expectations #shares #rose #record #highs

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