Nvidia Stock Is Surging After The Bell: What's Going On?

Quick Summary:

The chipmaker reported adjusted earnings of 69 cents per share, beating analyst estimates of 68 cents per share.“We delivered strong revenue and earnings growth in the second quarter driven by record Data Center segment revenue.

NVIDIA Corp (NASDAQ:NVDA) shares are trading higher in Tuesday’s after-hours session in sympathy with Advanced Micro Devices, Inc.(NASDAQ:AMD), which got a lift from strong second-quarter earnings results.

What Happened With AMD: AMD reported second-quarter revenue of $5.835 billion, beating analyst estimates of $5.724 billion.

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Article Details

Author / Journalist: Adam Eckert

Category: Technology

Markets: United States

Topics: AMD Movers NVDA US67066G1040 US0079031078 After-Hours Center Semiconductors Why it's moving News Previews Benzinga Tech Semiconductor stocks Earnings

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-30 @ 21:45:24 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 430 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21862734

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About Benzinga

Main Topics: Technology

Official Website: benzinga.com

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Year Established: 2010

Headquarters: United States

News Last Updated: 11 hours ago

Coverage Areas: United States

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Publisher ID: #53

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