Nvidia's Q1 Earnings Report Sparks Euphoria and Propels Stock to Unprecedented Highs in After-Hours Trading, According to Analyst

Quick Summary:

Following the results and positive management commentary on the earnings call, the stock broke above the previous high of $974 in the after-hours session and went past the psychological resistance of $1,000.

Shares of Nvidia Corp.(NASDAQ:NVDA)N took off in after-hours trading, rising past $1,000 in reaction to the company’s quarterly results.

After-hours quotes are only indicative values and it remains to be seen if the stock can sustain the after-hours gain when it opens for trading on Thursday.

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Author / Journalist: Shanthi Rexaline

Category: Technology

Markets: United States

Topics: Deepwater Asset Management Artificial intelligence Benzinga Tech US67066G1040 Colette Kress Jensen Huang NVDA Expert Ideas News Stories That Matter Gene Munster Analyst Color

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Article Type: News Report

Published On: 2024-05-23 @ 02:22:54 (3 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 438 words

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Copyright Owner: © Benzinga

News ID: 21061939

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