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NVIDIA announced its financial results for Q2 2023 yesterday, August 23, 2023, and NVDA share price also showed a bullish trend.
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The sales of NVIDIA surged as the AI boom pushed the earnings upside.
NVIDIA Corporation, an American multinational technology company and one of the leaders in Artificial Intelligence (AI) computing announced financial results for the second quarter of fiscal 2024. According to its result, the revenue for Q2 2023 ended July 30, 2023, of $13.51 Billion. This reported revenue is up 101% from a year ago whereas it was up 88% from the previous quarter (Q1 2023).
On the earnings day, NVDA stock price added $14.48 and rose 3.17% whereas it closed at the price of $471.16. The trading range of NVDA stock was between $472.00 to $452.08, whereas the opening price was $458.66. By showing over 77 Million volume in a day, NVDA share climbed upside from its 20-day EMA with bulls’ potential support.
The Earnings and Sales Update of NVI
We współpracy z: https://www.thecoinrepublic.com/2023/08/24/nvidia-earnings-and-sales-highlights-after-recent-quarter-results/
