NVIDIA surges after earnings

Source: Dukascopy Bank SA


The top tech company NVIDIA has published its quarterly financial results. In general, NVDA has once again passed forecasts and the stock is surging. NVDA started the day's trading near the early November high zone, just below the $150.00 mark.

Earnings per share were forecast at $0.748, but actual earnings are $0.81. Meanwhile, total revenue is at 35.08 billion instead of the expected $33.17.

However, there is downward pressure on the stock price, as the firm has reduced its future forecasts for revenue growth. Although, it appears that it is a strategy. Increase long term future forecasts, and reduce the expectations as the time passes on. Afterwards, beat the reduced forecasts, which boosts the stock price.
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